Which Is Worse: Inflation or Deflation?

Right now everyone is wondering, "how long will inflation continue?" The Federal Reserve is trying to fight inflation by allowing assets to bleed off their balance sheet, and by raising interest rates. Many people are now afraid of the economy plunging into a recession as a result of that tightening. And a deep enough recession/depression would cause demand destruction, which could cause a deflationary death spiral. So the question is, which is better — inflation or deflation? If the Fed is truly between a rock and a hard place they have to choose between the purchasing power of the dollar or the economy, which goes back to inflation or deflation. So which one is better? If you stick around until the end, you will see that either way, the end result will typically be the same.