I’m a conservative and even I can see how hyperinflation would take care of our biggest problem and that is that we currently have more debt on the books in the country than there is total asset values in dollars to cover it. Or, the country itself is an underwater nation.
Hyperinflation is only bad if you live in an area where it is not possible to grow your own food. Even in a majority of cities in the east it is entirely possible to have a garden capable of sustaining your family in the yard.
It wouldn’t be the worst thing in the world to wipe all the debt all the books and start over. Whatever else you can say about Weimar that whole experience cured Germans permanently from any desire to be fiscally imprudent. I imagine it would have the same effect here.
Our economy will have to be restructured somevway. People who say otherwise have their heads in the sand.
You obviously aren’t someone who is nearing retirement age, who has played by the rules, planned for your own retirement and see the very real possibility of that money being not worth the paper it’s printed on. If I were a 25 year old, it would be a different story. I guess if we plan to work at something until we are 80.....
“The economy will have to be restructured someway”. I think it is already too late to expect the government to be able to follow through on its obligations. The health care plan, whether it passes or not, will have little effect on the ultimate fiasco of government default, except to bring it on sooner. I am afraid we will see a collapse like the Soviets did in 1989. I think they were more realistic about their chances, and wiser in their choices, in the 1980’s than our government is right now.