There was nothing close to hyperinflation in the 70s. Hyperinflation is defined as a monthly rate of inflation over 50%. The monthly rate of inflation exceeded 1% a few times during the period you mention. You have no idea what hyperinflation is, dunce. Inflation was high during that time, annual rate of inflation was between 10-15% from March 79 to Nov 81. But nothing close to hyperinflation.Moggio wrote:Hyperinflation occurred in the mid-late '70s and early '80s, dipshit.
In 1956, Phillip Cagan wrote The Monetary Dynamics of Hyperinflation, generally regarded as the first serious study of hyperinflation and its effects. In it, he defined a hyperinflationary as starting in the month that the monthly inflation rate exceeds 50%, and it ending when the monthly inflation rate drops below 50% and stays that way for at least a year.Economists usually follow Cagan’s description that hyperinflation occurs when the monthly inflation rate exceeds 50%.
Gasoline is cheaper in 2013 than in 2012, 2011 and 2008. The rate of inflation in April was -.4%. There is monthly deflation, not inflation, let alone hyperinflation.Moggio wrote: And currently, since you can't print $100 BILLION per month and not have hyperinflation, hyperinflation is ALREADY here.
That makes no sense dunce. The Fed is trying to generate inflation to reduce unemployment. They are not trying to keep inflation low right now. They are buying bonds because inflation is too low and they are required by law to generate inflation to reduce unemployment.Moggio wrote: But since The Fed are MANIPULATING inflation rates at about 1.5% or less and interest rates at basically 0%, they're delaying the Currency/Treasuries Bubble from bursting...