If you do, then stop there. Untrustworthy backing is untrustworthy.

Besides that, I would challenge his premises. Broken glass shards are pretty, but hold no value for their prettines. It's an ignorant argument. And why precisely is deflation bad? "Because it is" seems to be the common official answer, but in practical terms it is only bad for people with debt - so, don't take on debt and it suddenly becomes positive.