Deflation and hyperinflation are not polar opposited, but the two sides of the same worthless bogus wooden nickel.
Depending on how a govt tries to save a busted financial system, it could go either way, or we will see both, one after another.
I agree. As Fascism and Communism close the circle near each other, hyperinflation and catastrophic deflation close the economic circle near each other. They are both way out on the extremes and therefore close the circle as, like you said, two sides of the same Krugerrand.
That said, I was asking for your opinion what you think will be the outcome of this entire episode. When you say we will see both, one after the other, than are you voting “10” on my scale.
Speaking just about hyperinflation, and not discussing deflation at the moment, are you convinced it is coming, no ifs, ands, or buts?
Are you voting “10”.
Huh ?
I think you need to read some von Mises. Austrian economic thought would call this the Crack-up boom, and deflation has NOTHING to do with hyperinflation other than hyperinflation is the result of the monetary authority's response to deflation.