Your perspective on deflation assumes, as you say, a robust economy. Unfortunately over the last several decades America has gone from a creditor nation to a debtor nation. With huge government, corporate and personal debt loads, deflation is a nightmare. Imagine your income deflating while your debt remains the same. On the other hand, inflation, a rising income, makes it continually easier to make payments. And yes even borrow more. So though I don’t see deflation as a good thing, inflation feeds greed which has now come home to roost! In most of the “developed” world companies and individuals are looking for someone else to pay.