The story of Japan these last 20 years, from the government to banks to companies, has involved keeping consumer prices steady. Deflation has acted like a stealth tax cut for households and restored some sobriety to costs.
A Little Deflation Is Just FIne
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looking beyond borders 
Here in America we have stagflation. That is going by the calculations the Federal Reserve used when Jimmy Carter was president. By those calculations, inflation is nearly double digits. Just because the Fed found out ways to lie to use doesn’t mean it is reality.