Defation, as painful as it may be, lowers our footprint on the planet. The deflation we are experiencing and will experience, even if we match the depression of the 30's, will be a minor inconvenience compared to the deflation we will experience if we collapse the ecosystems that provide much of our wealth for free. Consider this. If the powers-that-be succeed in returning us to only a modest 2% growth rate, this will double our use of water, our need for wood, our use of fossil fuels and the pollution we spew into the environment in a short 35 years. In 70 years at that rate, our footprint will be 4 times as big. Look at your own area where you live. Can you see the possibility of doubling or quadrupling your use of water, wood etc. and your production of garbage. Not many parts of the world can.