This may be the most controversial interview we've ever published.

It's focused on what is likely the most important investment question of our time: "Is crazed government bailout and stimulus spending going to produce runaway inflation? Or are banks and consumers in such bad shape that demand for goods, loans, and services is set to head lower, which will produce deflation and lower prices?"

The Daily Crux staff expects inflation in the long term. But we have no crystal ball... and neither does anyone else. We believe in being educated on both the argument for inflation AND the argument for deflation. We'll prepare for both, and take our clues from the market on which is right.

To get the latest on the argument for deflation, we sat down for an exclusive interview with one of the world's highest profile and most outspoken investment gurus in the deflation camp, Robert R. Prechter, Jr.

Prechter is the founder and president of Elliott Wave International, an independent financial forecasting firm. He has garnered a wide following with his long career of correct market calls using a market model called the "Elliott Wave Principle," which incorporates the idea that markets are driven by waves of optimism and pessimism.

In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." He's also a New York Times best-selling author of 14 books on investing and finance, including Elliott Wave Principle in 1978, which forecasted a 1920s-style stock market boom, and Conquer the Crash in 2002, which predicted the current debt crisis. He's a popular speaker at investment conferences, and his work on crowd psychology – called "Socionomics" – is some of most insightful analysis you'll read on the subject.

In this free report, you'll get Robert's latest insights on the “inflation vs. deflation” debate, as well as his thoughts on gold, stocks, and the best ways to prepare for a deflationary crash.

The information inside is sure to cause some heated debate between our editors and subscribers alike, but we guarantee you'll be a more informed investor for reading it.

When you sign up for this free report, you'll also receive The Daily Crux Home Delivery.

Each day, the Crux team sifts through the top financial newspapers, magazines, journals, newsletters, blogs, shareholder letters, and research reports. We select only the most valuable news, ideas, and opinions for inclusion on the Crux website. Home Delivery puts it all in your inbox.