Don't believe in inflation. Believe in hyperinflation. The two are completely two different breeds. America has experienced this in 1861-1865. The price index only increased from 100 to 9,000. Kind of like grabbing a Starbucks coffee for $175.
America has the tools to stop hyperinflation in 1-3 years, whereas others didn't like Greece's 8.5billion% Oct 1944's inflation, or Germany's in the 1920's (so high that we cannot count that high).
I see America doing a lot better that post USSR (In 1992, inflation was 2500%. In 1993, the annual rate was 850%, and in 1994, 225%).
Quantitative Easing is the 1st serious alarm bell for those currently investing. Thank mortgage backed securities, banks, and the Federal Reserve.