By Brian Hunt in DailyWealth:

Deflationists, you've lost. Badly.

Early this year, one of the biggest questions an investor had to consider was, "Is the U.S. government's crazed spending going to stoke inflation and higher commodity prices? Or is the consumer so tapped out that he can't buy anything... and is a long slog of deflation on the way?"

We're in the inflation camp... but we always check our theories against the market. It's the judge, jury, and executioner of any idea. As today's chart shows, the deflation argument has met the ax. The government's E-Z-Credit and money-printing scam has clobbered the dollar...

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More on inflation:

Inflation breaking out to new highs

Casey Research: Inflation is guaranteed

Brilliant Forbes advisor Steve Hanke: Bonds are risky as Fed creates inflation "time bomb."