i mean i understand that the US, for example, might smash people with hyperinflation becuase they inflate their own debt away, but it wouldn't work for other countries with USD-denominated debt

stack_harder

Reminds me of a recent WBD episode with Jeff Ross where he said, 

 came up with a response that made sense to me.

Deflation is bad in a debt-based fiat world. When debts become heavier, they become harder to pay, which causes defaults and stresses the debt-based financial system.

econ

Is deflation really worse?

Reminds me of a recent WBD episode with Jeff Ross where he said, ["China is having severe deflationary problems right now"](https://youtu.be/JPrM0J-eUfU?si=GHw3C_9YwvMStcLT&t=3161)

I had to ask for [clarification in the comments](https://www.youtube.com/watch?v=JPrM0J-eUfU&lc=UgzncQkx6EYhIbmkFNt4AaABAg) and [maplebar722](https://www.youtube.com/@maplebar722) came up with a response that made sense to me.

> Deflation is bad in a debt-based fiat world. When debts become heavier, they become harder to pay, which causes defaults and stresses the debt-based financial system.