Oh, and by the way: the hyperinflation types are not claiming some future event — they’re claiming that it’s happening now, and if you go back, you’ll find them predicting hyperinflation by 2010.
What those of us who are reality-based find is that we had an actual deflationary event when everything collapsed in late 2008. Since then, inflation has returned to such a wild and extravagant extent that is has established a new trend line, with a lower slope.
But what about all that government spending, and deficits, and stuff?
Yeah -- What about it?
.
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