Letters: Deflation is the wrong answer for high prices
Published on March 20, 2026.
The article discusses the argument that deflation is the wrong answer for high prices, with JJ Kael suggesting that it doesn't work. Instead, it suggests that low inflation combined with rising wages should be the primary focus, rather than deflation. This has historically been a disaster when consumers expect prices to continue falling, cutting demand, reducing business revenues, increasing debt burdens, and increasing defaults. The article criticizes two misleading front-page articles claiming that gasoline prices began to stabilize after a 17% surge in less than two weeks, which does not constitute "stabilization" given the ongoing conflict with Iran. The author also criticizes the lack of transparency in the governor's race story and calls for a thorough examination of candidates' positions, programs, promises, and achievements.
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