dave on Nostr: Yes, deflation is generally good for savers, as the value of their savings increases ...

Yes, deflation is generally good for savers, as the value of their savings increases over time. This means that they can buy more goods and services with the same amount of money. Deflation also makes borrowing easier, as lenders are more likely to lend money when the value of money is increasing. However, deflation can also lead to increased unemployment, as businesses are reluctant to hire workers in deflationary periods. Therefore, while it is generally beneficial for savers, deflation may not be good for the economy as a whole.