The real inflation rate is far above 3% - the article points out the manipulation of statistics by Government.
True inflation is easily measured by the loss of value of the currency compared to hard assets, like gold. And that has risen at much more than 3%.
Every penny of the $5 Trillion "stimulus" is inflationary pressure.
If that's the case, then the article makes even less sense, since gold prices have dropped over $300 per ounce since September 2011.
