Re:In Argentina, inflation is a way of life
by stormbeta on Friday January 28, 2022 @01:24AM
(#30111300)
The US is at no serious risk of hyperinflation in the foreseeable future, barring unknowable events / disasters.
Re:In Argentina, inflation is a way of life
by pibechorro on Friday January 28, 2022 @09:30AM
(#30115023)
Because doubling the amount of dollars in the past year or so is not at all worrying for "transitory" inflation. Dont be naive, it's coming. The politicians have kicked the can down the road for decades and had they not bailed out the bigs in 2008 and during this past 2 years we would be bankrupt. Its a house of cards. They are going to push us into a war to escape the inevitable.
Re:In Argentina, inflation is a way of life
by imtringued on Saturday January 29, 2022 @07:29AM
(#30125753)
Governments go to war to stop deflation, not inflation.
As you lower the interest rate below liquidity preference people will simply hold onto their money because they are speculating on higher interest rates.
Re:In Argentina, inflation is a way of life
by notch656a on Friday January 28, 2022 @02:24PM
(#30119163)
No no no! You see velocity of money has decreased and productive output has increased. People don't like to spend the new money. Therefore inflation is low, do not be fooled by the Austrian tricksters suggesting otherwise.
Re:In Argentina, inflation is a way of life
by imtringued on Saturday January 29, 2022 @07:31AM
(#30125761)
You mean the monetarist tricksters. They assume the velocity is constant.
Re:In Argentina, inflation is a way of life
by notch656a on Friday January 28, 2022 @02:44PM
(#30119407)
If hyperinflation is a knowable event, you'll already be in it. People would instantly spend their money if they knew hyperinflation was coming, making it a self fulfilling prophecy. It's really meaningless to make such statement about any currency that isn't already in hyperinflation.
Re:In Argentina, inflation is a way of life
by TedShiller on Friday January 28, 2022 @02:54AM
(#30111847)
You can see the future, impressive
Actually, once the US hits hyperinflation, the US may want to consider using ARS as its national currency