Don’t panic. If you run out of money we’ll print more!
10 years. That is how long after Chavez took power before the hyper-inflation hit. This with the world’s largest reserves of oil.
If the Bank runs out of money, the Banker may issue as much more as may be needed by writing on any ordinary paper.
It looks like the Federal Reserve is following the rules. Good job, guys.
Long as his side causes it.
This is the guy that predicted 25 of the last 2 recessions.
Only when a republican is in there should we panic right Klugman?
The stimulus may or may not result in rising prices or debasement of our currency. In the case of the former, the velocity of money (the rate at which money changes hands) would have to rapidly increase. I think it’s been low for years and explains why the money supply can be greatly increased (inflation) and not result in rising prices (too many dollars chasing too few products and services). I the case of the latter, our currency could lose value quickly as a result of a catastrophic loss of confidence — hyperinflation. It’s an effect of mass psychology as I understand it. And it happens suddenly. Not easily predictable. But in my opinion will happen in the US timetable uncertain. Don’t know how to prepare for that. Buy Bitcoin? Hoarding gold just seems dangerous. We are in uncharted waters.
Gas is up almost $1 /gal sinxe the election. Wood, paint, screws, upholstery material, food, all up. Not a little, more like 10-20%.
Krugman knows full well that the government is constantly tinkering with the formula for measuring inflation and that the official number is basically false and bears no relationship to historical measurements. I believe the official inflation-rate understates the real inflation rate.
https://postimg.cc/WqFDpg43
Krugman needs to get out among the little people.”If you don’t see what’s happening right now you better hold on to your ass !! This was 6.99 a sheet 4 years ago and 14.99 last year!!”