Inflation or Deflation: Which is it?

The big Econ debate is "Inflation or deflation?"

I'm not sure where I stand. I'm not an economist. Even if I were, there seem to be many sides of the debate to choose from.

Anyway, this column is on the inflation side.

The problem here is that Bernanke quite simply does not believe that inflation is what it’s always been; as in a symptom of declining currency values. To Bernanke, inflation results from too many people working and prospering, thus his statement that the Fed would only change course if the economy began to grow “very quickly.”