Destruction By Deflation?

The Federal Reserve in cahoots with the government has conditioned the general population to oppose deflation and at least not be angry because of inflation. The fact is today we have ~5% inflation if inflation were calculated like it was in the 1980s - before the government changed the way it is calculated to favor their politics.  5% inflation a year means the money you have in your pocket today will be able to buy you an average of 5% less a year from now. 

Why is deflation a bad thing? Well, it isn't, as much as the Federal Reserve wants to create inflation and never, ever deflation.  Deflation is actually a good thing, because in a deflation prices drop and money becomes more valuable, so deflation encourages people to save money. Deflation rewards the prudent saver and punishes the profligate borrower. The way a society, like an individual, becomes wealthy is by producing more than it consumes. In other words, by saving, not borrowing. And during a deflation, when money becomes more valuable, everybody wants money. They want to save. Whereas during an inflation, you want to get rid of the money. You want to consume. You want to spend. But you don’t become wealthy by spending and consuming; you become wealthy by producing and saving.