Follow this link to a Minyanville article that explains why hyperinflation in the United States is not of concern in the near future.
One of the explanations in the above article for there not being a worry about inflation corresponds to my previous post Central Bank Rate Cuts Will Not Work.
There is also mention in the Minyanville article about why deflation might not be such a bad thing. If you think of high tech electronic products like personal computers, cell phones, and digital cameras, they have been sold in an environment of deflation for these products for years. In other words, the cost for an equivalent amount of functionality in these products has been rapidly declining ever since these products have been on the market. The makers and sellers of these products have found a way to survive and even thrive in such an environment. It isn’t easy, but it is possible.