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Could hyperinflation become the new normal?
The Hill ^ | 11/19/2021 | CHRIS TALGO, OPINION CONTRIBUTOR

Posted on 11/19/2021 8:07:24 AM PST by ChicagoConservative27

A few months ago, when prices began to spike throughout the U.S. economy, Americans were told not to worry, it was just a temporary blip.

On several occasions, President Biden and high-ranking officials in his administration claimed the current bout of inflation was “transitory” and would subside sooner rather than later.

Yet, as the months tick by, inflation is getting worse, not better.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: become; hyperinflation; new; normal
I hate that term new normal.
1 posted on 11/19/2021 8:07:24 AM PST by ChicagoConservative27
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To: ChicagoConservative27

Hyperinflation = HyperTAXATION! It’s just another way to get your money.


2 posted on 11/19/2021 8:11:15 AM PST by House Atreides
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To: All

https://mobile.twitter.com/disclosetv/status/1461691992174469121?s=10

18% producer inflation for Germany.


3 posted on 11/19/2021 8:11:25 AM PST by TigerClaws
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To: ChicagoConservative27

To get a sense of the new normal, read the Book of Revelation.


4 posted on 11/19/2021 8:14:01 AM PST by Cboldt
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To: ChicagoConservative27

Hyperinflation? Highly unlikely. People misuse the term

Sustained, high rates of consumer and producer price inflation? Absolutely - its here.


5 posted on 11/19/2021 8:14:28 AM PST by PGR88
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To: ChicagoConservative27
For more than a decade, the Federal Reserve has...maintained ultra-low interest rates, which has led to huge distortions in the economy.

And what would those distortions be? Is 6+% inflation "hyperinflation" to you? If so, take a peek at post-WWI Germany and modern-day Venezuela for better examples, you twit.

6 posted on 11/19/2021 8:20:05 AM PST by econjack (I'm not bossy. I just know what you should be doing.)
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To: ChicagoConservative27

7 posted on 11/19/2021 8:20:11 AM PST by DannyTN
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To: ChicagoConservative27

Until Trump is in charge it will be.


8 posted on 11/19/2021 8:34:51 AM PST by spincaster (i)
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To: ChicagoConservative27

There is no hyperinflation.


9 posted on 11/19/2021 8:37:58 AM PST by SaxxonWoods (“There are no rules here – we're trying to accomplish something.” -Thomas A. Edison )
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To: House Atreides

Hyperinflation is actually a self-limiting condition. The victim (the existing medium of exchange) dies.

The only effective response is to develop a new monetary system. The new replacement currency has to have some fixed value reference in the real world, like a gold standard. The standard does not have to be gold or any precious commodity, but it must be one accessible to all.

Very early on, the Weimar Republic went through a classic hyperinflation, used to pay their war reparations, which turned out to be impossible to keep. The Germans retreated from the more extreme aspects of their distributions, and became some pretty astute stewards of the integrity of their currency, which was based not on gold (their treasuries were depleted), but on the “rent value” of all the real estate within Germany.


10 posted on 11/19/2021 8:39:08 AM PST by alloysteel ("Guns don't kill people, Alec Baldwin kills people" - Donald Trump Jr.)
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To: ChicagoConservative27

Well, the good thing about hyperinflation is that it doesn’t last that long.


11 posted on 11/19/2021 8:42:25 AM PST by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
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To: ChicagoConservative27

6 or 7 or 20% inflation is hardly hyperinflation. But yeah, of course we could end up with hyperinflation. It usually happens after wars, but given the gross misfeasance of those currently in power, it’s definitely possible.


12 posted on 11/19/2021 8:42:27 AM PST by RKBA Democrat (Culture, culture, culture. Not partisan politics. )
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To: PGR88

Aw c’mon. Hyperbole is the new normal now. Can’t you see that gas rising $1.50 over the last year is exactly the same as pushing wheelbarrows full of money in the Weimar Republic? Exactly the same! It has to be! So that I can post lurid lying headlines and get the rubes to click on my site.


13 posted on 11/19/2021 8:42:59 AM PST by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: ChicagoConservative27

Remember Jimmy Carter and his fireside chat in his sweater telling us the same thing. Drive slower and pay more for gas and freeze in the winter.


14 posted on 11/19/2021 8:49:55 AM PST by minnesota_bound (I need more money. )
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To: ChicagoConservative27

Don’t worry, we won’t run out of money, they will keep printing more...


15 posted on 11/19/2021 8:52:00 AM PST by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: ChicagoConservative27

Oboy. The press asks itself another rhetorical question.


16 posted on 11/19/2021 9:10:32 AM PST by Luke21
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To: ChicagoConservative27

One word: Venezuela

A social catastrophe of biblical proportions is on the horizon. Famine will stalk the land. Stores will be stripped clean. The supply train will halt. Energy will be cut off. Anarchy will reign.

Have a nice day.


17 posted on 11/19/2021 9:34:59 AM PST by DeplorablePaul (s)
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To: ChicagoConservative27

I hate that term new normal.


I clicked on this thread to make the very same comment.


18 posted on 11/19/2021 9:51:49 AM PST by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: alloysteel

Thanks for that explanation of the Weimar solution. I was aware that the underlying inflation was a gambit to pay off their indemnities from The Great War. And I’ve heard some irresponsible politicians & ‘economists’ here in the US say that this could be done here to deal with the national debt — i.e. just ‘inflate-it-away’. As if that wouldn’t entail great suffering.


19 posted on 11/19/2021 12:57:53 PM PST by Tallguy
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