Despite the consumer price index growth an increasing number of economists are beginning to worry about the value of the dollar. Because fear of inflation is ingrained in the minds of just about everyone, most may assume that the threat facing the value of the dollar is in fact inflation. That's no longer the case, and many are starting to understand the opposite, deflation, is the major threat.
In the following USA Today article, John Waggoner talks to economist and leading deflationist, A. Gary Shilling, about what people are overlooking and why the Fed my not be of any help.
Read the full USA Today article here.