It's weird.
When you take money out of the economy (fiscal or monetary policy) - people spend less (because they have less to spend), prices stop going up (inflation), but they start going down (deflation) - because LESS people can afford to get the goods and services.
So that means that the people are going about their lives with less.
- Less food
- Less housing
- Less healthcare
All of that to basically show "line goes down" on some graph someplace. The "savings" are hunger, homelessness, sickness and death.
It doesn't really deal with the actual problem - a lot of the population can't get what they need to live.
But it does make a country more attractive to people who want to loan money to make interest profits
