Inflation Something to Be Concerned About Now Commentary By Anthony B. Kim researches international economic issues at The Heritage Foundation, with a strong focus on economic freedom. Kim is the research manager of the Index of Economic Freedom, the flagship product of the Heritage Foundation in partnership with The Wall Street Journal. Read his research. Inflation has been accelerating this year, and it isn’t hard to see why. Government spending has been so overwhelming that even former U.S. Treasury Secretary Lawrence Summers, a Democrat, said recently: We are printing money. We are creating government bonds. We are borrowing on unprecedented scales.