Deflation, we're told, is a bad thing. Unless it's deflation of ridiculously high prices -- say, for Las Vegas hotel rooms. Hotel prices came down in Vegas over the last year as the economy crashed and convention-going withered. Now, some Strip giants including MGM Mirage say the deep-discount days are over. But the Las Vegas Sun has a long story today questioning the wisdom of boosting room rates. From the Sun: MGM Mirage executives said demand for the company’s hotel rooms is high enough to warrant an increase in room rates, which have plummeted during the downturn.

Read the full article at latimes.com