According to official reports, inflation currently hovers around 1.7%: nice and low. Admittedly, past rounds of quantitative easing haven't produced much in the way of inflationary pressure. But if the open-ended nature of QE3 does finally succeed in driving economic growth, I believe you can expect the price of many everyday things to go up. Clothing, electronics, tires for your car, books, hair spray -- pretty much all the dry goods that make up the material side of your day-to-day existence will rise in price. Anytime there's an increasing supply of money chasing a fixed supply of goods, prices rise.