Another thing people complain about is the wealth gap. Inflation increases the value of assets. Wealthy people own assets and poor people consume goods to surv

Another thing people complain about is the wealth gap. Inflation increases the value of assets. Wealthy people own assets and poor people consume goods to survive. As a result, inflation increases the gap between the wealthy and the poor. The only realistic way to reduce the wealth gap is to accept deflationary periods. This would also improve the savings rate and reduce debt. I understand that modern theories believe deflation to be the end of days. I attribute that belief to the fact that a deflationary period was observed during the great depression, and has been believed to be a cause rather than an effect. I frankly disagree with that viewpoint. I believe that the government has a vested interest in ensuring inflation because the government is a debtor. A protracted period of deflation would bankrupt the government. People cite the post-war period as one of a smaller wealth gap, but the primary reason for that is that there had been a ten year period of deflation just proceeding it.