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Hyperinflation in the USA

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HYPERBOLIC SMACKDOWN
"Hyperinflation is the economic apocalypse many doomsdayers pose as the logical end to the world’s experiment with fiat money," Credit Writedowns blog says. Does the same fate await the U.S. as market watchers such as Marc Faber says? Taking up the case of Zimbabwe and Weimar as starting points, Edward Harrison points out that "The claims of hyperinflation awaiting the US or the UK seem hyperbole at best, misinformation and deception at worst. Hyper-inflation has very specific pre-conditions in foreign currency obligations and a loss of tax revenue and productive resources. ‘Printing money’ alone doesn’t get you there. So, it simply isn’t credible to claim that Hyperinflation in the US or the UK is in the offing now or anytime in the immediate future."

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