here, then, is my guest, tony boeckh. tony boeckh, i loved the great reflation.'m going to quote from it to start, and i want to pay you again the compliment i paid you before the interview. it's rare that you learn a lot--i mean, you learn more information, but you don't get an education usually--from a business book, but i certainly did with this, and i'm going to quote from your first chapter, page 24: "we have always agreed with this concept that inflation and deflation are two sides of the same coin with the difference being in the timing--too much inflation always ends in deflation, and deflation paves the way for the next inflation, so long as the central bank is able to reflate. the great flaw in the world monetary system is that the united states, the main reserve currency country of the world, runs unlimited deficits that inflate foreign economies while at the same time progressively undermining confidence in the dollar's future value. it is a system that is unsustainable and dangerous. if not reformed, it will ultimately end in a very big crisis that t