It's the tug of war of the century - who will win out. Everyday I read another economist predicting deflation and everyday I read another economist predicting inflation. I side with the inflation folks long term. Either way the Fed has its hands full and only time will tell if what they are doing is right. Below are links to two articles, one predicting inflation the other deflation.
Inflation
Deflation
Scott Dauenhauer CFP, MSFP, AIF