Reply #4: I cry Bull

[benchwarmer]

If anything I think inflation, particularly in cosumer goods (most consumeables) have been steadily and stealthly increasing year after year. This is evidenced, and I make no apologies for the lack of science on this, by my grocery bill. My grocery bill has been steadily growing, while the things in my cart at the end of a shopping trip has been decreasing. I buy less and spend more money. There is no deflation here.

On the global perspective, I cannot comment. However, given that rampant deflation due to poor policy making and not enough government investment deepend the great depression, I have some concern that gun-shy Euopeans and election-year deficit scare-tactic politics here in the U.S. may have deflation come again.