Add images within a text block

Hi,

Is it possible to add images inside a text block? I want it to be a paragraph with the images part of it but not break it into lines. Basically I’d like to create a layout this like this:

But I must explain [IMAGE] to you how all this mistaken [IMAGE] idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound [IMAGE] the actual teachings of the great [IMAGE] explorer of the truth…