Time to start worrying.

http://online.wsj.com/article/SB10001424127887323495104578312032409420630.html?mod=djemEditorialPage_h

I have not given future inflation much of a thought in the last 20 years or so. Now I am. Never mind the threat of inflating our way out of any future debt problem. If central banks think they can seamlessly unwind their balance sheets with no complications, that is hubris. And they are not even close to stopping the winding.