[Kaiser8408a]

Inflation is NOT cooling.

https://confoundedinterest.net/2022/11/06/next-us-inflation-report-after-midterm-elections-likely-to-remain-high-projection-for-headline-inflation-7-9-core-inflation-6-5-as-diesel-prices-up-102-under-biden-and-inflation-up-486/

[mmichaels1970]

Hyperinflation? Is that another one of those silly words Joy Ried said Republicans are teaching people?

[Steely Tom]

There are billionaires the establishment pays attention to, and billionaires they ignore.

[SteveH]

...but argentina is such a pretty country...

[Pelham]

Silly fear porn. Hyperinflation would be 1,000% annual.

Our current inflation is similar to what we had in the 1970s and for many of the same reasons.

The Fed is doing its part to kill inflation. Now voters need to kick out every progressive anti fossil fuel zealot.

[noiseman]

Step 1 in trying to prevent such an economic catastrophe should be to immediately and permanently abandon all of the “green energy” nonsense and go full-bore on conventional energy production. Step 2 (should happen concurrently with #1) is to pare all government spending other than the absolutely essential to the bone, and Step 3 should be (though I don’t know how you could force this to happen) to somehow reduce the number of non-productive jobs with huge salaries (though minimizing government spending would help a great deal with that). There are far too many people in both the public and private sectors making huge salaries to produce essentially nothing of value. We know how this occurs in government, and I suspect most of the same occurring in the private sector is funded in one way or another by government subsidies.

I might add a Step 4 or Element 4: Make borrowing MUCH more difficult. The Fed is already doing that to a very limited degree, but we’ve got to drastically scale back the debt-fueled economy. For years, I’ve driven by one “McMansion” development after another and wondered how the heck so many people can afford to live like that. Well, it turns out that many of those folks are young families who, even if they have high salaries, are trying to live beyond their means using debt to “keep up with the Joneses.” Considering our poor productivity numbers as a country, it’s insane for so many people to be at least appearing to live these wealthy lifestyles. That has to collapse sometime.

[arthurus]

If we do run out of Diesel fuel as has been projected for the last week of this month inflation becomes irrelevant because everything stops. The main concerns become food, water and defense of whatever you have of it.

[VanShuyten]

I vote for SloJo’s face on the $100 billion notes.

[Maine Mariner]

Hyperinflation is usually defined as an inflation rate of 50% or more per MONTH. Anything is possible, but the US has never had anything like that in its history.

My concern is that if the dollar loses its role as the reserve currency in international transactions, and the rest of the world no longer want to hold dollars, we could see much higher rates then we ever seen.

[CJ Wolf]

If this means I can sell my old canoe and pay off my house I’m in.