The “inflation protection” provided by TIPS relies on the good-faith reporting of the same government which creates and benefits from the inflation. If inflati

The “inflation protection” provided by TIPS relies on the good-faith reporting of the same government which creates and benefits from the inflation. If inflation as measured by the CPI picks up beyond the single-digit numbers of normal years, do you really expect TIPS to remain honestly valued? Even if that means they outperform all other assets “risk free?”