Is Hyperinflation a Myth?
• The Daily Bell While it is probably true that no one has ever gone broke underestimating the intelligence of the public, it is also true that many who try to turn a profit from stupidity often become the victims of their own nonsense. As we have discussed previously, the fear industry that has grown up since 2008 – mainly centered on the gold market – is a manifestation of this dynamic. Their clarion call is that hyperinflation is inevitable and could happen at any moment. We will not debunk their false claims that Quantitative Easing and other monetary easing programs will lead to hyperinflation because these programs do not contribute to aggregate demand. ... Even if we accept their reasoning, economies will not generally react to increases in demand as the hyperinflationists think they will. – Naked Capitalism
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