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There seems to be great disagreement over at the Cato Institute whether or not inflation is a problem. One day, we can see Alan Reynolds declare that inflation is not a problem. A few days later, Steve Hanke declares that inflationa problem.This is in some ways similar to the debate within the Mises Institute whether inflation is a problem, where I and some others, including Antony Mueller and (sometimes) Bob Murphy, do believe that inflation is a problem, while Frank Shostak and his follower (as well as Gary North) believes that deflation is the problem.