Deflation Bonanza! And the Fool’s Mission to Stop It

Of all the widely believed but patently false economic beliefs is the absurd notion that falling consumer prices are bad for the economy and something must be done about them.
The recent move in the Swiss franc puts a spotlight on the issue. For example, on Sunday, in Swiss Peg Removal: Did Anyone Win? I commented …
One widely recognized “big loser” is the tourism industry. For sure, hotel prices in Switzerland rose as much as 40% overnight compared to prices elsewhere.
But Swiss grocery shoppers buying food imports from France, Spain, and the rest of Europe benefit mightily.