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Inflation/deflation

  1. permabear

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1.   May 8, 2008 7:02 PM

» permabear - Hyperinflation by 2010- John Williams

http://www.shadowstats.com/article/292

John Williams makes the case that hyperinflation is the outcome of the current situation because we don't have the gold standard that we had back in the 1930s, and we have a national debt today that we didn't have back in the 1930s. By contrast the Weimer republic was much more similar to today's U.S. circumstances. Thus the only way out for the government to cover its obligations will be through the printing press.

-- posted by permabear


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