Alt

The straight answer? Use alt text; if an image is decoration then implement with CSS; if a decorative image is still inline or has no added value, use alt="", with no space. (Hint: repetitive content has no value.) If an image is linked, it must have alt text conveying the meaning of the link (and not necessarily the image itself).
http://www.webaxe.org/leave-accessibility-to-experts-please/