Torn between two economic lovers.

In economic terms I consider Paul Krugman my wife. The steady and sure unapologetic liberal with the Nobel prize around his neck. He hails from my home country- The New Deal - and I trust his gut like I trust few others.

However, in my own midlife political crisis I have, of late, taken an economic mistress...one vibrant and cocksure bloke named Peter Schiff. A man utterly convinced that monstrous inflation is right around the corner. To hear Schiff is - it seems - to hear common sense. Of course all this dollar printing is going to cause inflation...

Then Krugman mentions in his steady, unpretentious way, that it looks like deflation is coming. I don't understand the details but Krugman does - and I trust him...too...

Inflation?
Deflation?
Which to pick?