Posts in "Hyperinflation"

Jihan Huq's picture
By Jihan Huq at 11:16AM
Jan 24, 2011

A Brief History of Inflation

Hyperinflation is an intriguing subject and one which YAL members (as supporters of the free market) are undoubtedly very familiar with. However, many of us often hear only examples of the Weimar Republic and Zimbabwe; this Mises Institute video discusses so much more. You will learn what most professors and educators will not teach you.   Please watch. 

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Creighton Harrington's picture
By Creighton Harrington at 9:25PM
May 15, 2010

Decent Inflation Documentary

It's not perfect and there are a few times that it is misleading, but it does make some strong claims and presents a particularly disturbing picture of the future.

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Stephen Parvin's picture
By Stephen Parvin at 12:28AM
Mar 13, 2010

U.S. Hyperinflation Possible by 2015

Check out this recent report from the National Inflation Association:

The U.S. government this week reported a record monthly budget deficit for February 2010 of $220.9 billion. Total tax receipts for the month were only $107.5 billion compared to outlays of $328.4 billion. The total U.S. deficit for the first five months of fiscal year 2010 was $651.6 billion, with tax receipts of $800.5 billion and outlays of $1.45 trillion. The deficit was up 10.5% for the first five months of fiscal year 2010 over the same period in fiscal year 2009.

We are now at a point where if the U.S. government taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the U.S. government cut 100% of its spending including defense, but kept paying Social Security, Medicare and Medicaid, we would still have a budget deficit. NIA believes it will be impossible for the U.S. to have a balanced budget ever again.


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Bonnie Kristian's picture
By Bonnie Kristian at 12:40PM
Dec 7, 2009

Citizens for Higher Inflation Gets Signatures for Hyperinflation

Sounds awesome, no?  Hyperinflating the currency will definitely help the economy.  Do your patriotic duty and sign it -- Citizens for Hyperinflation won't spam you, so there's nothing to worry about!  Thanks to the Daily Paul for the video.

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Bonnie Kristian's picture
By Bonnie Kristian at 1:34PM
Nov 5, 2009

The money supply has ballooned. So where's the hyperinflation?

It's hardly newsworthy for me to note that our money supply has been expanded enormously over the last year or so.  "[B]y taking the Federal balance sheet to more than $2 trillion from $928 billion 2008, [the Fed has] created a situation that should have resulted in an epic inflationary spike to accompany the 137% increase in liabilities.  Yet that hasn’t quite happened."  Why not?  Where's the inflation?

This article, linked to by LRC today, offers four reasons:

  • "Banks are hoarding cash."  ...and when they stop hoarding, as they're constantly encouraged to do, the new money which has been created out of thin air will actually be put into circulation.
  • "The United States exports inflation to China, which remains only too happy to continue to absorb it."  But will that last forever?  China has already called for a global reserve currency to replace the dollar.
  • "Consumers are still cutting back."  Though, interestingly, many continue to live as if there's nothing wrong -- or perhaps it just seems that way since I live so close to Mordor on the Potomac, which of course continues to thrive.  Nevertheless, spending rates are still down.
  • "Businesses continue to cut back rather than hire new workers."  Like individuals, businesses are economizing where they can, despite the government's mad (but which I here mean apparently dishonest) rage for more jobs regardless of their cost.

Read the rest here.

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