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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (43587)	10/16/2005 2:32:46 AM
From: Perspective	Read Replies (1) of 110194

Mish, I hadn't seen that argument against hyperinflation. You've hit the nail on the head. Hyperinflation happened in Weimar because those who had the power to make it happen also stood to benefit from it. It wouldn't happen here because those who have the power to make it happen would come out on the losing end of hyperinflation. The question is - would the government debt position ever become so serious that they would take back the monetary authority from the Fed and return the printing press to the government? BC

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