Well, that is a thoughtful answer. But I am wary of deflation. The Japanese have been experiencing deflation until recently, and they are a nation in decline, so that’s not appealing.
America had a period of deflation1870s-1890s-ish when we were on the gold standard. People who had gold, mostly in New York, prospered. Farmers and rural areas did not have gold and did not prosper. For them, prices for crops fell and they could not earn enough gold certificates (dollars) to buy the things they needed. They got poorer. They formed populist, anti-trust, anti-rich movements, such as an effort to add more dollars into circulation, ie inject liquidity, or monetary inflation, by backing the dollar with silver. There was social upheaval, heated campaigns for president by Williams Jennings Bryan, financial panics, and anti-elite revolution was in the air. Finally, in response to the upheaval, some very rich people formed the Federal Reserve system in secret on Jekyll Island, Georgia, which was the Palm Beach of its day. That began the 60-year unraveling of the gold standard toward the 100% fiat standard we have today.
So, if the harder money standard we had caused social upheaval that led to the fiat system we have, I’m skeptical about claims that deflation is so benign. It certainly wasn’t back then.