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Richard Miller of Miller Type Foundry discusses the difference between italic and slanted fonts. He demonstrates how slanted fonts are created by shearing each character at a 12-degree angle using Object Transform Shear in Illustrator. While this may seem adequate from a distance, a closer look reveals the inconsistency in stroke weight, particularly in characters like the capital "o." It is important to use fonts with true italics to maintain consistency and quality in design work.