Ok so, these 3 guys have 3 different approaches to inflation or deflation debate. 1. Mike Shedlock aka. "Mish" Believes that there will first be a period of deflation, but after that inflation. Believes the problem is that the money is just sitting in the bank's balance sheets and no credit is being created. [ame=http://www.youtube.com/watch?v=9DOAyuQgAW4]YouTube - Mish Shedlock, Inflation or Deflation It's Definitely Deflation, Oct 15, 2009[/ame] 2. Peter Schiff Believes that FED can and WILL create as much inflation as is necessary to replace the credit lost. Also believes that the fed can have absolute control over the situation. In the end he believes there could even be hyperinflation if US continues deficits. Difference between him and mish is, I think he is saying that the credit is actually going to government (bonds?). And thus will create inflation. [ame=http://www.youtube.com/watch?v=eksf2ScG6yU]YouTube - Peter Schiff: Deflation vs. Inflation Argument on FSN[/ame] [ame=http://www.youtube.com/watch?v=nwVxTnXumtQ&feature=player_embedded]YouTube - Dollar sell-off, CNBC, Fin Reg[/ame] 3. Robert Precher. Believes the Credit contraction will cause deflation, and the FED, without changes in the system is powerless to really do anything about it. [ame=http://www.youtube.com/watch?v=F-ZC6-MpjcE]YouTube - Robert Prechter was Right Deflation not Inflation is the concern[/ame] Economic Crisis Watch: Why deflation will win: An interview with Robert Prechter Discuss.