No. If a person wants to wipe his/her char - ask an imm and get free.
As for eq inflation - dunno, may be it is not a big deal, but personally
i do not like inftaltion.
I see few ways to reduce inftaltion:
- newcomers, who will buy your eq with pleasure ( votevotevote! )
- new powerful high-end forges requiring a lot of high-end forges. ( dont like thsi idea much tho

)
- crafting , yeah, i would be happy if we had crafting.
we could have classic crafting that allow players ( who is mastered in art of smithing )
create nice items from hard-to-get resources ( miners, woodcutters, herbalists have to work hard to get enough resources )
and players master-mages could imbue those items with crystals of magic power
apparently we could have wild crafting, someting like
"bring 10 runed onyx bracelets to a forger and with some success chance you will get Runed Onyx Bracelet
with affects higher rather than standard item has, say 0ac 10healbonus 15sd".
"bring 10 war greaves and if you lucky enough you may get -1.8 War Greaves"
/falsra
Just thoughts , but i always have strange thoughts on Mondays....