IMHO: Iraq War inflation will be at least as bad as Vietnam War inflation
"The most consistent short-term economic effect of war is to push up prices, and consequently to reduce living standards. This war-induced inflation was described in ancient China by the strategist Sun Tzu: "Where the army is, prices are high; when prices rise the wealth of the people is exhausted" (Tzu Sun, c.400 BCE) His advice was to keep wars short and have the money in hand before assembling an army."
"Paper money ensures persistant inflation and persistant inflation is the most easily enforcible way to encourage the consumerism and waste that our civilization is based around. " ------
Wages fall behind inflation and inflation is a hidden tax that robs you of your standard of living......