The Best of Times October 23, 2009 By John Mauldin > It’s The Best of Times The Elements of Deflation It’s More Than Half Full Argentina, Brazil, and Uruguay > What’s a Fed to do? We get talk about tightening and taking away the easy credit, but we got the fourth largest monetization on record last week. This week we examine the elements of deflation, look at some banking statistics that are not optimistic, and then I write a reply to my great friend Bill Bonner abou