You’re right inflation is stupid and unnecessary and deflation would be good for the economy. The problem is however, that individual incomes are increasingly less in ratio to costs and so prices and so a direct means of raising individual incomes is necessary or the continual deflation you so believe in….won’t work. What every economist and pundit, including yourself, is apparently unaware of is that both the money and the pricing system are digital. Hence you can both costlessly increase individual incomes and harmlessly create price deflation by simply taking complete but appropriate control of both of their problematic levels with the new economic paradigm of Gifting. And in so doing not only resolve the deepest structural and paradigmatic economic problems….but make these systems finally serve Man instead forcing Mankind to unethically serve them.

So orthodoxy and hence blindness is the real problem on both economic ideological sides. Try thinking a new thought and actually looking at the way the system works Mish. You might be pleasantly surprised and have less egg on your face when the new paradigm is actually perceived.