Where is the inflation?

It's there lurking according to this sketch by Veronique de Rugy:

Besides placing undue faith in the Fed’s ability to time perfectly any necessary anti-inflationary measures, the consensus suggests that the nation’s central bank now has the heretofore undiscovered ability to increase the money supply without creating inflation. If true, this would be an important new development, since inflation has long been rightly vilified for destroying entrepreneurship and long-term economic growth. But if false, this conceit could prove dangerous indeed. And it’s probably false.

BHI on ABC's 20/20 "Bailouts and Bull"

It's worth repeating: Not all economists agree on the Obama stimulus package. BHI's executive director David G. Tuerck on John Stossel's "Bailouts and Bull" segment on 20/20:

Wesbury: "Inflation is not dead; it is just hibernating."

Don't let today's lower inflation rate fool you. All those newly printed greenbacks sloshing around mean that sooner or later the big inflation is coming. So says Brian Wesbury.