Prices Drop While People Struggle...A Bad Thing?

Last month consumer prices dropped more than in the last 61 years according to the US Labor department. As people lose jobs, feel the effects of debt, and the general slowdown of business revenues one would think this is actually a good thing.

Not so says the mainstream econometric bean counters. According to Fed Chairman Ben Bernanke and so many other inflationists--who caused the depression we are in--lower prices are bad, as they make paying off debt more difficult. Of course, the only answer the inflationists ever have is more debt: government debt, consumer debt, etc. Savings--which actually benefits from deflation, as money held actually gains value with time--is antithetical to the regime.