Is the American economy overdue for a period of hyperinflation?
Question by Go For Broke: Is the American economy overdue for a period of hyperinflation?
The FED is overproducing dollars to pay for the war and the record breaking trade and budget deficits. Energy, food and interest costs are rising for consumers, but most Americans are not getting pay raises necessary to keep up with the mounting costs. The world at large is funding the majority of our national debt and recently has started to look for alternatives to the American dollar which is being devalued almost on a daily basis. While many countries are producing more and growing, the USA seems to be consuming more and declining. Are we witnessing the death throes of the American economy?
If it does occur, how bad do you think it will be?
Best answer:
Answer by sublime270793
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maybe…but i wouldn’t say hyper inflation.
Hyperinflation is: “inflation exceeding 50% a month.”
Inflation 1923-24: A German woman feeding a stove with currency notes, which burn longer than the amount of firewood they can buy