Inflation? There's no stinking inflation.

So says our good friend, Paul Krugman.  Unfortunately, our good friend must not be paying attention to wholesale prices.  But don't worry, core prices aren't going up as quickly.

The more closely followed core producer index rose 0.3% in April. The core index is usually viewed by investors and the Federal Reserve as a better gauge of inflationary pressure because it excludes the volatile food and energy categories.

Just food and energy rising folks, nothing to see here.  Don't worry, be happy!  Go run up the credit card debt. Spend your life away.  The government will take care of you.  heh, heh