"Depending on what you read, your political leanings, and philosophical beliefs, some scenarios like these could be on your mind. But reality is seldom that outrageous, so here is what I think will happen. First of all, prices are going up. Economists have underestimated increases because, whenever a trend emerges, the bean counters are always behind the curve. This is true with a stock that's on fire, and it's true in situations like the 2008 crisis when many analysts undestimated the situation's severity." Read more. "Inflation - What It Is, What It Isn't" David Russel Nasdaq, April 27, 2011. Image by nixxphotography / FreeDigitalPhotos.net.