As you argue in your leader on inflation and deflation, the latter is generally the greater economic ill (“The Greater of Two Evils,” May 9, 2009). Those burdened by debt, and many are so burdened at this point, would prefer inflation by a wide margin. But you forgot to say a few words about those on fixed income, such as pensioners. Assuming the source of their income is secure, deflation is surely their evil of choice. If they have some money prudently saved, as well, their choice is more than clear. Comparing with the Great Depression, when the world was much younger, and saving was thus less of an option for most, deflation now benefits many more people. Your leader could have mentioned them at least in passing.