Not a Drill: Inflation Is Here

Shopping cart at a Costco Wholesale store in Carlsbad, Calif., in 2013. (File photo: Mike Blake/Reuters)
Major economic indicators and comments from the likes of Home Depot and Costco suggest that inflation is real.

NRPLUS MEMBER ARTICLE F or the last decade or so, as the nation’s debt grew and the Federal Reserve kept pumping money into the financial system, there were periodic warnings about the risk of inflation. Yet these fears were never actually realized. As a result, in the face of growing signs of inflation, many people — including the ones who happen to run our nation’s fiscal and monetary policy — aren’t taking the current threat all that seriously. This is worrisome, because in reality, a growing body of evidence — major economic indicators and announcements from small and large businesses — suggests that inflation

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