I suggest deflation.
Asset bubble bursting events are inherently deflationary.
Of course, we need to define inflation, deflation, and stagflation with a look at how the real economy actually functions.
Lance Roberts at Real Investment Advice agreed to sponsor a debate. I have alternates if that won't work.
Given we agree on many things, it does not have to be a heated exchange.
Schiff and I agree free markets and on gold. We both see the current monetary inflation.
There is no need for this to be personal, and won't be if we stick to the topic at hand.
What's Coming and Why?
I am confident about my reasons.
How confident is Schiff?
Mike "Mish" Shedlock