This may be worth your perusal. . . . .

July 29 2010: Deflation Revisited (The Studio Version)
The Automatic Earth has been predicting a devastating deflationary period for as long as we've been in existence.
The debt deflation that is already underway will be so destructive to our lives and societies that we must be aware of what is coming in the short term and what we can do to prepare for it, instead of worrying about a possible inflationary period that may or may not follow afterwards.
The old bogeyman of deflation has re-emerged as a worry for the U.S. economy. Here's something else to fret about: After studying more than a decade of deflation in Japan, economists have slowly realized they have no idea how it works....[..]
This writer has a valid and terrifying point.   
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