From your earlier post: > Frankly I suspect that if prices go down all else equal most people will be better off and able to afford more stuff. Wild take, I know.

As you mention above, this isn't likely to actually be that different.

But:

>In practice though inflation policy is typically masking money printing projects or policies that destroy wealth

Inflation rewards moving money into goods, and deflation rewards moving money out of goods. Generally, an economy where money moves around is better than one where it sits idle. Yes, it does penalize saving cash (), which offends many puritan mindsets (including mine), but it rewards risk-taking and committing your currency towards capital, both of which tend to make the economy more productive.

() - So, if your 'wealth' is in currency, then inflation does devalue your wealth. But if your wealth is in capital, that capital should fluctuate with the currency, and inflation doesn't devalue that.