A little inflation . . . or a lot?

Banks are currently holding about 15 times more than the roughly $100 billion in reserves required by the Fed, or $1.5 trillion. Historically, banks — which make profits primarily by lending out money, not keeping it — have held only 1% or 2% over required reserves.

We report.

You freak out.

"The Fed's Anti-Recession Effort May Unleash 15% Inflation." By Steven R. Cunningham, Investor's Business Daily, 2/27/12.