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PAUL KRUGMAN: The Big Inflation Scare

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It’s important to realize that there’s no hint of inflationary pressures in the economy right now. Consumer prices are lower now than they were a year ago, and wage increases have stalled in the face of high unemployment. Deflation, not inflation, is the clear and present danger.

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Runaway inflation by Laudyms on Saturday, May 30, 2009 at 5:05:50 PM