Issues of inflation and deflation did not seem so important earlier in the 2000s, but the inflation versus deflation debate has heated up lately. The above article that we have excerpted has attracted considerable attention on the blogosphere, maybe because it runs boldly counter to the perceived wisdom of the Internet alternative media, which is that deflation is rampant. Yes, the Internet's alternative hard-money press does seem to have generated a kind of dominant social theme all of its own:

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