[bronxboy]

Deflation kills wealth and will hurt everyone including retirees. Most economist believe deflation is a more dangerous and difficult problem to solve than inflation.

[kabar]

Deflation is a persistent decrease in the general price level of goods and services, when inflation is below zero percent, resulting in an increase in the real value of money - a negative inflation rate. This helps retirees on fixed incomes such as SS, which don't go down when there is "negative" inflation.

It will not be a matter of choice on which one we get, i.e., deflation versus inflation. We will probably get both--first deflation and then inflation as the effects of these massive federal deficits manifest themselves in making our currency weaker and weaker.