The glossy magazines are singing the same old song they sang in 2008. "Inflation isn't happening, but gas prices are going up," says Forbes.
Inflation is a disease, not a symptom.
Inflation is not a naturally occurring increase in prices. It is not the nature of healthy monetary systems. Rather, it is the corrosive disease caused by a fractional reserve system that enables bankers and governments to increase monetary supply (inflate it) at will. Inflated prices are just vendors' methods of getting the same value from an increasingly worthless currency.
So, is inflation in check? Go see for yourself. When we pay more for a gallon of gas or any other necessity, we are merely beginning to pay for President Obama's bailout extravaganza. This is the fault of Congress, the Federal Reserve Cartel, and the President, and their inflation is anything but "under control."