Of course people don't really want deflation either, and most people don't really believe prices will magically drop 30% back to where they were in 2019.
But it's still reasonable to punish those who presided over the inflation spike if you think their policy choices played a role in causing it.
Except they voted for the guy who arguably started the inflation spike and will stoke inflation again by imposing tariffs on all imports (not to mention increasing deficits faster than the other guys would have).
> and most people don't really believe prices will magically drop 30% back to where they were in 2019
You'd be surprised. Most people don't, but a most of the people who voted for him did seem to that he was going to magically drop prices.
Except the causes for it are due to multiple elections of people with almost the same policies regarding regulation and taxation, leading to consolidation.
So, punished people by electing people with the same policies, just with more lies. Perverse incentive is to keep the same policies, but lie more.
But it's still reasonable to punish those who presided over the inflation spike if you think their policy choices played a role in causing it.