>ultimately we will get hyperinflation as the govt prints literally trillions to monetize the various debts of the govt.
Someone's been reading too many Austrian economists.
Monetary and fiscal stimulus do cause inflation in the long run, but not every bit of stimulus is doomed to lead to hyperinflation. Our government was extremely profligate with monetary and fiscal policy from 2001-2005 or so, and we saw a gentle decline in the dollar's foreign exchange value and a gentle increase in domestic inflation. Hyperinflation was never in the cards.
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>ultimately we will get hyperinflation as the govt prints literally trillions to monetize the various debts of the govt.
Someone's been reading too many Austrian economists.
Monetary and fiscal stimulus do cause inflation in the long run, but not every bit of stimulus is doomed to lead to hyperinflation. Our government was extremely profligate with monetary and fiscal policy from 2001-2005 or so, and we saw a gentle decline in the dollar's foreign exchange value and a gentle increase in domestic inflation. Hyperinflation was never in the cards.