Is the USA headed towards economical hyper-inflation?
Asked by
w2pow2 (
490)
October 17th, 2009
Or is it merely a myth? And if it isn’t a myth, why is every politician from far-right to far-left ignoring it?
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7 Answers
Anybody who does not present solid facts will be strongly resented by me…
you are really not making it easy for anyone to want to respond, i suggest contacting the moderators and re-wording your comment about the way in which people need to respond as well as taking out your kill a kitten comment
Lets see how long the kitten-killing comment lasts, shall we?
If people want to respond, they will respond. People’s passion-fueled opinions will not flee at the sight of my little thirteen word comment.
But thank you for the suggestion.
I wouldn’t want to risk your resentment; source.
@w2pow2 perhaps you’ll consider my helpful suggestion?
It appears that within a few years the US will confront high inflation. High high no one knows, but even low inflation slowly inflicts costs on society. Hyper-inflation grinds a society to a halt because money is no longer a store of value. An automobile manufacturer doesn’t know from week to week how much the steel will cost, the chassis will cost, the wheels and tires will cost, the labor will cost. So the company has no idea whw much the vehicle will cost because its value will change on a daily basis. And people don’t want to loan money (which stifeles productivity) because they will be paid off in virtually worthless dollars. Hyperinflation is to be avoided at all costs; that’s why we have to rein in our rapidly exploding federal (and state and local) debt.
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