This headline is way off base. No inflation does not prove critics of Fed’s Bernanke wrong; just because prices have been tame so far does not mean that this will continue to be true in the future.
Furthermore, who says that there has been no inflation? Check commodity, stock and bond prices. These assets have all risen in value since printing began. Are these not forms of inflation? If you were already holding these assets, good for you. Others who need to buy stocks and bonds to save for the future are buying these assets at inflated values thereby holding down their future returns.
Bernanke has printed his way to a bond bubble. Don’t worry it won’t pop. Bond prices are going to stay high forever, just like they always do.
I describe where we are heading: