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kevthorne
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Hyperinflation Silliness (Times Two) - Mish - Global Economic Analysis

A quote from the article: "That is a pretty steep rate of growth of money (the slope matches the previous chart), but it’s hardly hyperinflation material."
Translates as: 'The house is going to burn down'.
'No, it isn't, it's only a small fire, do not worry - it'll just go out by itself'

Commented 2954 days ago

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Beginning of the headline :The hyperinflation proponents are back at it. This time in two parts, led by Jeff Nielson. The most absurd part of Nielson’s claim is his statement “Hyperinflation has already occurred“. His claim is in reference to the US, not Zimbabwe. Allegedly Nielson provides “proof“. Let’s take a look. In Hyperinflation Defined, Explained, and Proven: Part I, Nielson defines inflation as an “increase in the supply of money”. That’s a reasonable starting point, but in a fiat-based credit society in which w... Read More

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