stajer - 1:20 am on Nov 14, 2006 (gmt 0)

Ronin -

Inflation is caused by more than just printing money. It is also caused by a heathy growing economy - cash flush businesses and individuals buy more goods. More buyers for limited goods drive up prices - inflation.

I don't think you can have a growing economy without a few points of inflation. But, as long as GDP growth AFTER adjusting for inflation is positive, we are in good shape.