INFLATION FAR AWAY OR ALREADY HERE?

摘要

I'm hit with loads of skepticism whenever I write something that plays down the risk of inflation. "Why the Fed Isn't Igniting Inflation" (New Business, June 29) was no exception. I argued that the Federal Reserve's money printing is just offsetting the deflationary effects of huge consumer cutbacks. Most readers disagreed, with some saying higher prices are already here. One common theme: The little guy is going to lose.