full circle

My thoughts have come full circle. Just to keep myself honest, I have decided to re-examine my long-held (about a year) working assumption that globalization and Chinese imports were inflationary, not deflationary. However, an ever more efficient and freer trade organization should be deflationary, at least on the labor end. On the other side of the equation are raw material costs. Due to the global rise of earth worship, the worldwide regulation of miners, drillers, and explorers has put emormous pressure on existing supply. These two pressures have to be considered, along with others. Other considerations that may or may not have a meaningful impact on global inflation/deflation are the rate of technological advancement, global stability and popular freedom, the policy of central banks, and others we may not have considered.