The Beginning of Weimar in America - Follow Up
Someone provided a website in the comments of our last post. I checked it out and it's a thoughtful, fairly comprehensive FAQ style outline of the "hyperinflation." If you're not sure what hyperinflation is, how it's caused, etc., check it out by clicking HERE.
Among other astute observations, the author explains that, as a rule, central banks don't purposely cause hyperinflation. Why this is important is that there are folks who reject the idea that hyperinflation is any kind of threat because they believe the Fed would never pursue policies or actions that might cause it.
Another important subject he covers is the idea that, with all the money that's been printed so far, we don't have hyperinflation, and so that proves it is not, nor will it be a big threat any time soon.
Here's a sample of his thoughts on this subject:
Among other astute observations, the author explains that, as a rule, central banks don't purposely cause hyperinflation. Why this is important is that there are folks who reject the idea that hyperinflation is any kind of threat because they believe the Fed would never pursue policies or actions that might cause it.
Another important subject he covers is the idea that, with all the money that's been printed so far, we don't have hyperinflation, and so that proves it is not, nor will it be a big threat any time soon.
Here's a sample of his thoughts on this subject:
It is certainly true that anyone predicting hyperinflation of the US dollar before Sept 1, 2012 was wrong. This does not mean that all predictions of US hyperinflation are wrong or nonsense. It seems that all fiat money will come to an end at some point, it is just hard to say when. Note that anyone predicting price deflation in the US has also been wrong.It's all pretty clearly written and may be worth your while to review.
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