It’s hard for me to see deflation, since it looks like QE3 before the end of the year. Deflation would benefit me greatly, but I can’t see it happening...
Also, I think whoever’s in charge, Dim or Pubbie, won’t even ALLOW it to happen-makes the national debt more difficult to pay down, dontcha know!
Thank you for the response. I agree there will be no deflation (though some things like housing may come down, for other reasons). He drew parallels to the 1920’s, but didn’t mention going off the gold standard, change from an industrial to service based society, etc., as well as a number of other relevant issues, so I started getting skeptical.