You will get a literal paycut when deflation happens. Because falling costs include costs of labor. Stuff will cost less, but you will also earn less, so you won't get any benefit out of it.
In that sense, deflation is only "benefitial" to those rich enough to live off their wealth
You also don't get much benefit with inflation because either your paycheck rises with inflation, or it stagnates. But deflation has other consequences that are much much worse.
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u/thevoidthatjerksback 8h ago
I doubt that anyone could explain this in a way where I would accept deflation as worse