Yes, we need to get "inflation back into the system", but lets do it in a way that will cause another giant asset bubble to form without causing inflation to "runaway".
That really worked out well last time.
Get ready for all kinds of crazy-talk this spring - heaven help us if the annual change in the CPI dips below minus one percent, or minus two percent...
Yes, people saving money is a bad thing - they must be compelled to "shift out of cash". We need another bubble to rescue us from the fallout of the last two.
from The Mess That Greenspan Made
My thoughts: After the media whips up the deflation panic, we can expect 15% inflation by 2011.