Wednesday, December 20, 2017

Hyperinflation Nightmare

Oh, see the fire's sweeping
Our very street today
Burns like a red coal carpet
Mad bull's lost its way
--Rolling Stones

Hyperinflation seems to be a distant thing on people's minds. Yet, gargantuan money supply increases over the past decade place us on the path.

History, famously in Weimar Germany and most recently in Venezuela suggests that hyperinflation lays dormant for a long time before it quickly kicks in. And once it does kick in, hyperinflation is virtually impossible to stop.

Pray that we will be spared this nightmare.

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