The argument by central bankers and mainstream economists is that prices have to always go up, because prices going down means that people will delay purchases indefinitely to wait for even lower prices. They want to discourage people from saving money in excess. The claim is that it’s bad for highly leveraged financial systems. When explained like that, it sounds like bullshit and borderline criminal to me.

Pages 236-244 of Broken Money describe the concept in detail. 

 The more I know the worse the world gets. Correlation or causation? 🤯