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goldbug says "I don't think the US government would ever let it get to the point of "hyperinflation...""
Oct 16 17:59 pm
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All Comments by Mark D »Has the U.S. Reached the Hyperinflation Tipping Point? [View article]
That statement implies the government would have to stop bailing out everyone and reduce the money supply to the actual level of economic activity - which is EXACTLY what they did in the 1930's, which resulted in the depression. You are implying a 180 degree turn in policy. Is that realistic? Bernanke won't do it... Is that even poltically tenable?
A prolonged inflationary period assumes the government can control this problem...do we really think they can?