Deflation Defies Expectations—and Solutions - WSJ.com

Stunning reality: our government is so distrusted, is so hostile towards investment, has so destroyed confidence in the future that despite hysterically profligate spending and by historical standards, wildly inflationary monetary policy we are sliding into deflation. No one believes in the future under this leadership. No one.

Deflation Defies Expectations—and Solutions - WSJ.com: "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."