Here is a simple paragraph of text containing an inline image. The position of the image on the display will depend on the browser width and the font size. If the image is the first thing in the paragraph, it will always appear at the same place. Note in this example how the image is handled like a great big letter. This is the default behavior.
This is an important point! Indeed, it is probably the most important point made seen since the dawn of civilization!
Smaller image:
Large image:
Distorted Image: