[trumandogz]

We're nowhere near what inflation was during the Carter years.

Inflation no, devaluation of the dollar yes.

Inflation and Devaluation are different sides of the same coin.

[muawiyah]

Again, "deflation" is a consequence of more than one force. For example, oversupply can lead to "deflation" ~ and in that sense, "inflation" caused by undersupply would be another side of that coin.

At the same time, productivity improvement can also lead to "deflation" ~ with neither oversupply nor undersupply.

Computers, for example, have improved and their production has become less costly. Although there's no oversupply of computers, the price has been dropping like a rock anyway.