Changes

'''Deflation''' is when the value of paper money (e.g., a dollar bill) increases over time.  The cost of goods "deflate" in their prices, so that what cost $1 last year may cost only 80 cents this year.  Annual interest rates on savings can become negative rather than the usual positive, as depositors may have to pay banks to safeguard the money.

'''Deflation''' is when the cost of goods decreases over time, and thereby "deflate" in their prices.  For example, deflation would exist when something that cost $1 last year then costs only 95 cents this year.  The value of paper money (e.g., a dollar bill) may increase during deflation.  Annual interest rates on savings can even become negative rather than the usual positive, as depositors may have to pay banks to safeguard the money.

'''Deflation''' is the opposite of [[inflation]], but liberals consider deflation to be worse.  The [[Great Depression]], for example, was characterized by deflation.  Japan has struggled with deflationary forces since the mid-1990s.<ref>http://www.japantimes.co.jp/opinion/2017/03/29/commentary/japan-commentary/the-truth-about-deflation/#.WV7wq-kpCUk</ref>

'''Deflation''' is the opposite of [[inflation]], but liberals consider deflation to be worse.  The [[Great Depression]], for example, was characterized by deflation.  Japan has struggled with deflationary forces since the mid-1990s.<ref>http://www.japantimes.co.jp/opinion/2017/03/29/commentary/japan-commentary/the-truth-about-deflation/#.WV7wq-kpCUk</ref>