So, hyperinflation is caused by (1) civil war, (2) a socialist regime, or (3) the Post Soviet Collapse. We have the beginnings of (2), which may precipitate (1). Yeah, no chance of hyperinflation here.
So, hyperinflation is caused by (1) civil war, (2) a socialist regime, or (3) the Post Soviet Collapse. We have the beginnings of (2), which may precipitate (1). Yeah, no chance of hyperinflation here.
The author is a hyperinflation “denier”.
(See, I can play the left’s game, too)
What we have now is a new frontier not covered by that chart - a mass of entitlement obligations coming due and no way to pay for them other than monetizing debt. And we’re not the only ones with that problem.