Neither is good or bad. They are part of economic and monetary cycles. For the last 4 decades, in the US, we are in a deflationary supercycle. The is no doubt that life has gotten better for the average person in many ways.

Yes, for the average Joe the life got better in so many ways, from healthcare, to infrastructure till possibilities of achievement in life.

I mean that deflation is worse than inflation as it breaks the economic in all it's aspects. We see it now with the printing press working 24/7. It fights deflation, period. With technology advantages we will need to reshape the thinking of economy, as there will be a lot of surplus on the market. I'm not worried about this, as with new technologies(AI, crypto, etc) there comes also new chances. 100 years ago people were still sending post by horses and no one could imagine the e-mail we have today. A lot of industries have vanished and will vanish also in the future. The thing is to do wise choices now, expecting the next industry that will rise. Crypto is one as it disrupting banks and state issued currencies.

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