I like ingots. Ely has become such an unpleasant cesspool of 'farmers' over the past few months that - even liking ingots as much as I do (and I have a kiting NT alt) - I welcome the ingot nerf.
I disagree that the economy is inflationary. That's another thread.
I hope that FC does something about introducing alternate sources of income to SL... preferably in areas that have instancing and require some skill ... so that talentless ebayed 'farmers' can't just jump in there and screw that up too.
However 'inflationary' people want to describe the player economy to be (let's see... VTE's used to go for 45 M [pre-SL], now they're 10-12 M... yep, that's some brutal inflation), the fixed costs of items in SL have not changed. It still costs up to 20 M to buy the high end nanos from their only source, the gardens.
Even with those fixed costs, removing ingots is worth it if just to purge the 24/7, RL 'farmers' from this game.