Don’t bet on “hyper-inflation”. When construction is dead and housing prices not recovering there won’t be any inflation defined as a rising general price level.
“Hyper-inflation” is a phenomenon in which everyone has lost faith in the currency in question and anyone who has it is trying to unload it for whatever they can get for it, leading to 100%-per-week price increases, not mere “10%-per-year” increases.
If our government keeps spending a terabuck per year that it doesn’t have, hyperinflation is coming here.
Really? We are financially okay (so far), but even my wife has noticed the ever-increasing cost of staples. No, it's not "hyper-inflation", but we are in an inflationary era. Yes, it can go either way, but with the Fed printing more money with QE3, which way do you think it will head?