So you believe in inflationary spirals, but you think deflationary spirals are an incoherent concept?

As an extreme case, if there was hyper-deflation i.e. that $100 blender is going to be $50 next month, most people who wanted to purchase a blender today would first wait a month, correct? This is a positive feedback loop where the more people who think like this, the more it causes that blender to be worth only $25 next month, exacerbating the situation until velocity of money collapses to near zero.

Sure somehow there’s an equilibrium where purchases still happen, as in hyperinflation, but we’re talking about a nightmare scenario.