For this and other reasons, the bogeyman of deflation is really not a concern at all.
And the administration is not above creating a handy bogeyman of its own: the insurance companies.
For Mr Putin, in times of discomfort, America makes a convenient bogeyman and punch bag.
In just the last week, the abbreviation APT1 has come to represent the bogeyman of digital espionage nightmares.
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If they choose the wrong one, they learn that "the bogeyman" caught them, and are reminded of the rule they broke.
For those too young to recall the big-city crime wave of the sixties and seventies, it may seem like mere bogeyman history.
As a result, it has become a bogeyman for Europe's radical left.
Opportunistic politicians and radical environmental activists have set their sights on our clean, abundant, affordable supply of natural gas as their new bogeyman du jour.
Russia, once the international bogeyman of direct foreign investment into the energy sector, is enjoying a revival as oil prices entrench in the triple digits.
The bogeyman, as so often for Canadians, is the United States.
Author Mark Haddon, who penned The Curious Incident of the Dog in the Night-time, is shortlisted for the best adaptation writer category for BBC One's Fungus the Bogeyman.
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Mr Brown will remind voters of the suspicious share deals Ms Whitman enjoyed when she was on the board of Goldman Sachs, currently America's favourite Wall Street bogeyman.
At the same time, it has become the bogeyman for privacy advocates concerned about the ways advertisers are gathering data on us and inducing us to buy more stuff.
They use him as their bogeyman, their symbol of what they oppose, and, at the same time, he's had an intensely loyal conservative following, probably second only to Ronald Reagan.
But Stanton is neither a two-dimensional figure of fun nor a murderous bogeyman, and this is why Primary Colors marks an advance over most presidential movies of the past and present.
Beneath the bogeyman label that the GOP leadership has attached to the Patient Protection and Affordable Care Act, the truth is that health reform has almost as many Republican as Democratic fathers.
France, of course, has long been the bogeyman of the Atlantic alliance, always anxious to stake its claim to a seat at the top table and yet always seen as inevitably and irritatingly slow to endorse American-led initiatives.
Indeed, on December 9th almost 6m viewers saw him triumph, in a two-hour grilling on live television, over a string of opponents ranging from media pundits and the Socialists' former minister, Elisabeth Guigou, to the extreme-right bogeyman, Jean-Marie Le Pen.
So for me, that makes the story all the more unsettling because it's really--it feels so real, you know, that you really get a sense of this is really what it's like, that it's not just this story about the bogeyman that comes and grabs your kids and, you know, takes them into a van and disappears.
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