At worst, the economy might succumb to debt-deflation.

在最糟糕的情况下，经济可能陷入债务通缩的局面。

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But inflation is not a cheap solution to high public debt and the debt-deflation problems of the private sector.

不过，对于高公债和私人部门的债务紧缩问题，通货膨胀却并非一个廉价的解决方案。

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The economy began growing properly again only 12 years later, and only in 2005 could Japan say it had put financial stress and debt-deflation behind it.

12年后，日本经济才有复苏迹象。直到2005年，日本才终于可以说是摆脱了财政压力和债务紧缩。

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The potential of a long debt-deflation period resembles Japan, but with a crucial difference.

FORBES: Insane Bulls And Bears

This caused a debt-deflation spiral in America that infected the rest of the world.

BBC: Thinking outside the 1930s box

Therefore most of the political forces in the U.S. will be pushing for inflation if the current debt-deflation scare scenario goes on too much longer.

FORBES: Insane Bulls And Bears