Deflation is now a far larger threat.
Thanks - I was beginning to think sanity was entirely absent from this thread.
Hyperinflation is a political phenomenon - not an economic one. It has nothing to do with the increasing price of bacon. It happens when a Robert Mugabe takes over a country. Not that Obama doesn't have similar inclinations, but there are still many, many barriers between him and the realization of his petty tyrannical aspirations.
Deflation due to technological advances is still the global macroeconomic trend in place, despite price increases in some categories due to political meddling and wacky environmental policies.
Don't believe it? How much has your salary inflated lately? When they come to you one day and offer you twice as much just to stay on, you can start worrying about the onset of hyperinflation.
“Deflation due to technological advances is still the global macroeconomic trend in place, despite price increases in some categories due to political meddling and wacky environmental policies. “
The global destruction of money, via the destruction of debt (sovereign debt default, derivatives default, etc.) will lead to accelerated deflation in my opinion, and lead to a severe contraction of the global economy.
What I believe will happen is outside the experience of anyone alive today and their experience bias won’t allow them to consider the possibility. They are too busy thinking hyperinflation always results from creation of money by a government. Not so. Most money the US government has created is not in circulation. It is a computer entry on computer balance sheets.
What is coming is far, far, far worse than inflation. Again, my opinion, based on what is unfolding now, what we saw in 2008 and what has happened historically.
Choose to believe what you will.