Is There Too Low Inflation?

The current situation where two % inflation is regarded as normal, isn't terribly normal. The last deflation we had was some time around in the early 19 fifties,. They think ther might have made a very slight one in two thousand eightbut very, very slight. And it doesn't mean that they don't get any richer, because if the prices of goods are going down the way we want them to, of course the real wages are going up - even if the money wages don't.