this article explains why current monetary policy makes it certain that inflation will win out over deflation:
The economic downturn could be protracted, but that does not mean that the
deflation will be protracted. Instead, once we are through this phase, we expect to
see poor economic conditions, but against a backdrop of rising inflation. Stagflation
is a word that remains in our vocabulary.
http://www.goldandsilvernow.com/down...