By James Surowiecki, MSNBC Opinion Columnist insinuates that Inflation is a "Good" thing.

The message Americans have been getting about inflation from in recent months can be summed up in four words: Be afraid. Very afraid.

Inflation hawks have been telling scary stories about impending inflation ever since the Federal Reserve slashed interest rates to near-zero during the financial crisis of 2008-2009.

It’s a message that much of the media has been happy to spread, epitomized by an odd segment about rising food prices that CNN ran last week. The segment was supposed to show, in the words of a much-mocked tweet promoting it, “how badly inflation is hitting the middle class.” But instead of looking at a typical-size middle-class American family, it focused on a Texas family with nine kids, one that buys 12 gallons of milk a week. In the process, the segment succumbed to one of the media’s worst tendencies: taking a real issue and overhyping it beyond recognition.

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