I agree. Ben B has fvcked himself trying to be cute with the monetary expansion while holding interest rates steady. He has painted himself into a corner. Inflation is a construct manipulated by the government to be at whatever rate it wants it to be. But, I you want to talk to an expert on inflation, ask any housewife. She will tell you the real rate within one basis point and it sure as shit won't be anywhere near the bullshit the fed spits out.