Do any of the believers in the Inflation Boogeyman care to make a prediction on when core inflation will rise above 5%? Or even better, on the event that would cause such a rise in inflation?

Keep in mind that Ron Paul has been predicting inflationary doom-and-gloom through his newsletters since 1992 and that many economists have been predicting doom-and-gloom for Japan (which has twice the debt-to-GDP ratio as the U.S.) since the mid ’90s.