From Robert P. Murphy's Free Advice:
If you just read the headlines, you would be under the impression that we were once again tottering on the brink of a deflationary cliff. Darn that Fed for raising the discount rate!
CNBC says for example:
"Core Consumer Prices Show First Drop in 28 Years"
Here's the actual situation...
Read full article...
More on the inflation/deflation debate:
The case against inflation
What the deflationists are missing
The most important investment question in the world right now
Peter Schiff: We have a choice between a deflationary bust or runaway inflation