I understand that I am a simple person, but I do not understand why the experts who are so divided can not see to me what is the obvious. We'll have both inflation and deflation, depending on what and where the good is being bought.

It is simple, supply and demand rules on price. Yes of course hyperinflation is a currency event, but while those who struggle to put food on the table as the price of food skyrockets thanks to a devalued dollar, they will stop buying luxury goods, they will sell their own luxury goods for as much as they can get, which won't be as much as today (deflation).

If the US$ falls like a stone, the few products they produce which in some cases includes chicken parts etc. to countries like China, or other Oriental countries who demand those products will become cheaper since their currencies are not falling like a stone.

I have never understood why "economists" speak in terms of black and white or absolutes. To understand pricing for every imaginable good is to understand the intrinsic value each item has to each consumer of that good (meaning you have to understand their values) and when the law of diminishing marginal returns kicks in for that good at an individual level or at the collective (the sum of the individuals within a social group).

If we all used the same currency and had the same values economics would be much more straight forward, so making generalizations without such consistencies has always seemed to me to be foolhardy.

Economics is not a science like physics or chemsitry, it is a social science and requires a vast depth of understanding about the society to which the predictions being made apply.

Perhaps someone can explain to me if the US $ depreciates like some suggest how luxury homes and cadillacs and corvettes are going to go up in price when the vast majority of people can barely afford to feed their kids.

A paradigm shift will occur that cause North Americans to act like those who have not lived the high life for decades ... they will put their energies to acquire necessities and luxuries will rust away into oblivion, or be shipped to countries who proper through the welath creation that occurs from a productive workforce.

A productive workforce is not characterized by politiThe day will cians, lawyers, accountants, political correctness, etc determining things, but by people producing things at a competitive price. It is this fundamental flaw in North America which everyone complains about but since it is so well entrenched and now has a life of its own no one can do anything about.

The day will come this becomes crystal clear to all of us who have had it so good that we have insurance programs for our pets when children die of diseases requiring so little to avoid.

Goodbye Fatcat City welcome to Leansville North America.

orgy