deflation: a fate worse than death

The latest danger the government (with the help of the media) is trumping up is the so-called 'danger' of deflation (i.e. prices falling). Deflation is bad for government, because it unravels the houses of cards and pyramid schemes that they cleverly call 'government programs' or 'investments'. With deflation, people will pay less actual dollars in taxes (because wages won't rise and prices for products with taxes on them won't rise), so it's a huge danger only for government or other entities or people that are massively in debt. With inflation, it's easy to pay back debt because dollars in the future are worth less than dollars were worth at the time you created the debt.

Don't believe the latest in a long string of scare tactics (the threat of international terrorism, the worst financial crisis since the great depression, the loss of millions of jobs if the auto industry fails, etc) that are engineered to convince you to give up more of your rights and more of your tax dollars to line the pockets of politically powerful interests.