FOXNews.com - The Fed worries about something unusual: Inflation may actually be too low

FOXNews.com - The Fed worries about something unusual: Inflation may actually be too low: "Once deflation takes hold, it can wreck an economy. Workers suffer pay cuts. Corporate profits shrivel. Stock values fall. People, businesses and the government find it costlier to pare debt. Foreclosures and bankruptcies rise.

And people spend less, convinced that prices will fall even further if they just wait. That trend has already emerged in the housing market. Many would-be buyers are standing on the sidelines, waiting for home prices to fall further."

The electronics industry has constant deflation, everyone knows that, and it works just fine. Deflation isn't the problem that it is made out to be but the government benefits from inflation, so they paint deflation as evil.