It may have been rude, but it would have been appropriate to include some expert commentary when reporting on the criticism of the U.S. stimulus package by Mirek Topolanek, the prime minister of the Czech Republic and current holder of the rotating presidency of the European Union. Mr Topolanek complained that the stimulus package would lead to inflation
At the moment, the enormous amount of unemployment and excess capacity is putting enormous downward pressure on prices raising serious concerns of deflation. It is difficult to construct a scenario in which inflation will be a serious problem in the current environment.
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