That is probably a concern for the FED long term. Japan is just now coming out of deflation as a result of their bubble in 80’s. Whats worse a severe recession thats over more quickly or a long drawn out downturn? As indicated in that Barron’s article it is probably best just to take all the pain now and get it over with. It wont be fun but we will probably b better off in the long term. i wouldn’t hold my breath though, this situation has some politics to it.