I guess you weren't around for the financial crisis of 2008/2009. The entire monetary system was under potential collapse and there would have been a severe price to pay.
You can't have houses lose 200k in value without severe repercussions to the economy around the world. House mortgages are connected to mortgage securities which are connected to pension funds, etc.
If we enter a massive deflationary period as you seem to think is good, then everyone will be holding cash and no one will be spending it because everything is going down in value. You can't get 20% dividend yields in a deflationary world.
I guess one way of looking at 2008/9 is that we avoided for a while what will be inevitable. That Severe price to pay is one I think we need to pay eventually. Forestalling it is possible, but it seems more responsible to realize that the longer we avoid it, the worse it gets.
Nobody is going to make money in a deflationary period, and excess consumption will fall, but it is still necessary to consume at baseline. The stock market is a very poor representation of true consumption, as it prices in too much of the future viewed through a very specific set of circumstances and assumptions.
You can't have houses lose 200k in value without severe repercussions to the economy around the world. House mortgages are connected to mortgage securities which are connected to pension funds, etc.
If we enter a massive deflationary period as you seem to think is good, then everyone will be holding cash and no one will be spending it because everything is going down in value. You can't get 20% dividend yields in a deflationary world.
Be careful what you wish for.