Now that our beneficient government has re-defined inflation, they can also take a moment and re-define re-distribution, taxes, government spending, growth of government, loss of freedom, and all the rest.
That way, we are living fat and happy because daddy o-bomber will take care of us.
Since when does printing more money NOT mean inflation?
That is the definition that most of the intelligensia use, so why not you, too?
Printing new money is only part of the equation. The other part is Credit.
Cash + Credit = Money Supply.
If credit availability is destroyed (e.g. no more sub-prime home loans) faster than new money is printed, then you get Deflation because the Money Supply shrank.