Paul Volcker and Ronald Reagan did a pretty good job of getting rid of it...
It was PAINFUL as hell... 22% interest rates.. but, it worked.
Volcker began the process under Carter and culminated it under Reagan.
But it took a man like Volcker.
With Bernanke and our stalwart politicians, how high would inflation have to rage before the will to impose the needed medicine would manifest itself?
Unfortunately, we may find out.