The American Empire in a Changing World


Saturday, November 10, 2012

''US Hyperinflation Is A Myth''

From The Automatic Earth

''We have lived through the by far biggest credit bubble in history. It should be clear to everyone that this bubble has not fully - been - deflated yet (and if it's not, good luck). Until it has, economic recovery and housing recovery are pipedreams. And so is hyperinflation, though that may be more of a pipe nightmare. There is no way QE, or money printing, or whatever you name it, can cause hyperinflation against the tide of a deflating bubble. Once a bubble has fully burst, it is a possibility. But only then. And only if and when a country has become unable to borrow in international debt markets. Greece perhaps soon, but for the US it's years away, if ever.''

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