The Decline of the Baby Boomers and the rise of Deflation

I recently listened to an interested book by Harry Dent on why he believes the next ten years and possibly twenty, have in store for America a rapid increase in deflation, rather than the hyper-inflation that most would assume would come from the Federal Reserve rapid expansion of the money base.

Demographics and the decline of the largest purchasing block the world has ever seen are about to lead us down a long term decline that has been seen in Japan for the past twenty years.

My friend asked me for information from the book to explain the decline and I found an execellent summary of the theory on the internet in a speech by the author.    It's easier to read here than listening to 8 hours of CD's.

The Decline of the Boomers and Deflation of the United States Economy