To ask the question is to answer it.
Alan Reynolds: Deflating inflation: "'Some Fear Inflation Is Ready for a Comeback,' or so says the headline of a Wall Street Journal story by Ken Brown. Only six months ago, I felt obliged to debunk deflation scares that were in vogue at the time. Now we are suddenly being urged to worry about inflation. Do things really change that quickly, or do journalists just have to keep discovering something new for us to worry about? "