bfl
Working just as planned by Barry, SEIU, ACORN, APOLLO, and the other radical factions that surround Barry.
They must destroy the current system(s) before they can reform it in the image they so desire to form it into.
As we are paying $9 for a gallon of milk, $6 for a loaf of bread, $5.69 per gallon of gas AND VERY FEW HAVE JOBS to give a rats ass about healthcare 0bama will get on TV while this is all happening and say it is Bushes fault he inherited it.
Uh, we didn’t have hyperinflation in the 70’s or the 80’s. We’ve never had hyperinflation in America. Not that I think it isn’t possible but people need to remember just what hyperinflation is. Hyperinflation is a rate of inflation that is equal to 50% a month or 600% a year.
Okay Grass Ass. Enough about inflation. Are you going to buckle on Obamacare?
Didn’t hyperinfaltion begin in 1978 after the minimum wage was raised twice in one year and then continue into the early 80’s?
Is Grassley joking or just someone that slept through macroeconomics in college? We have our necks pinned against the zero lower bound (effective rates 0 to .25) and he is talking about hyperinflation? This has to be some kind of joke or a political maneuver because it makes zero sense. We have PLENTY of room vis a vis monetary policy to head off problems going north but nothing other than fiscal policy and “pseudo-monetary” policy available going south.
Anyone positing hyperinflation in our current economic situation is flat out ignorant or disingenuous, or maybe a little of both.