Enough Wealth

After Fiscal Stimulus Is Applied, Inflation Will Be Hard to Avoid

This seems to assume that deflation is relatively easy to "fix". If the initial stimulus doesn't work and deflation becomes a reality, there is no certainty that additional quatitative easing would be effective in reinflating the economy. Once consumers start to expect prices to be lower next year than now, freely available credit and low interest rates (even 0%) are no longer effective in getting consumers to spend. That's why deflation is so feared by central banks around the world.