Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

I think it's generally a bad idea for the Fed to be the arbiter of asset prices. The Fed doesn't really have any better information than other people in the market about what the correct value of asset prices is.

The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.