Deutsche Bank Is Crashing Again: Why One Hedge Fund Expects Much More Pain For European Banks, page-65

US was in a severe deflation in 1230, the govt increased the price of gold from $20 to $35, and adopted gold confiscation policy. Deflationary cycle later slowly disappeared. Today, The Fed can also fixed the deflation problem in a heartbeat. Just increase the POG to $5000. Deflation done & dusted.... inflation target easily achieved, but your grocery bills skyrocket too. LOL