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Can you explain the fear of deflation? I don't understand the reticence of central banks.

Why not have a shot of deflation?

Everyone with debt now has more debt (even though the number is the same). We are at the highest debt levels ever.

>We are at the highest debt levels ever

We also have the highest population levels ever, the most assets ever, and the most wealth ever.

Debt to GDP has fallen, drastically:

I understand that people with debt don't want to pay more.

But they took a risk taking on that debt and perhaps they should go bankrupt.

Seems like I've triggered a nerve!