tip, go to the commesary at cnbc and it free. >> coming up, are bernanke critics wrong about rising inflati inflation? what about the alarm bell, too much money chasing too few goods. michael and dan square off on the bernanke inflation record. >>> welcome back, to "the kudlow report" i'm larry kudlow, are ben bernanke's critic wrong about inflation? they have been saying that all the pump rhyming will breed inflation and bernanke defenders, especially in a big article today, say no, there's no inflation, i'll ask at the top, what about millton freedman's theory. too much moneying chasing too many goods. we bring in dan, chief global strategist, btig. okay, dan, the 12 month cpi is 10%. let's go over the six-year term for bernanke, the inflation rate is 2.4, the long run looks good, the short run not so good. are you worried? >> there's clearly developments that suggest that there's things to be aware of. the economy appears to be improving. certainly on that front, those of us who were defenders of the federal reserve have to be careful, but let's be clear, the reserve has printed a trilli