Is Inflation NOT a Threat?

                                                                               

The Consumer Price Index has risen at an average annual rate of only 1.87% since 2008, when the administration started on its rampant deficit course. That's about half the average percentage experienced after World War II. Of course, the official rate never includes all the costs of living. Many economists don’t appear to do their own food shopping and avoid gas pumps and ever- costly consumer purchases.

The vast majority of the cash the Federal Reserve  prints may not be felt yet. The commercial  banks have them  in their excess reserves. So while  the  budget deficit as a percentage of GDP has been almost  cut in half, this is eventually going to change. Budget deficits will continue, and the reserves will be used as commercial activity rises. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)