Already happening. From 1800 to 1913 the inflation rate was -20%. From 1913 to present is is over 2700%. The difference is the US is so huge and much of the world uses its currency as a reserve.
I’ve been concerned about how ‘quantitative easing’ would affect US inflation. So maybe this is a good point of comparison?
Zimbabwe inflation “quantitative easing”
[A way to bypass the ‘buy gold’ crowd as well as the ‘bullish on Obama-nomics’ creeps]
Printing money the way Weimar/Zimbabwe did would be an obvious bubble — economic suicide.
But ...
I suspect that ‘quantitative easing’ has currency traders baffled, at least for now. So far there is no perception of any humungous US money supply that will cause any ‘massive bubble bursts’ in the near future.
It’s all smoke and mirrors of course. Self-forgiveness of debt? Ludicrous, but apparently ‘slick’ enough to confuse investors for a while since they WANT to be snake-charmed into optimism.
But if the currency traders were to abruptly feel doubts about the US money supply, then who knows what might happen?