Ron Paul Has Saved Us From Hyperinflation
Mass Inflation, Yes; Hyperinflation, No
by Gary North
The United States is not going to get hyperinflation unless Congress nationalizes the Federal Reserve System.
It will get mass inflation at some point: anywhere from 15% per annum to 30%. But it is not going to get 50% or 100% or more.
1. The temporary nature of the payoff
2. The fear of getting blamed
3. The boom-bust cycle
4. The employees’ vested pension fund
1. THE TEMPORARY PAYOFF
Hyperinflation lasts only a few years. People in the hard-money camp ought to know this, but they tend to forget.
Those economic forecasters who keep telling us the dollar will fall to zero forget the obvious: big banks are creditors. Bankers lose when a currency falls to zero. Never forget this. If you believe, as I do, that the Federal Reserve is the enforcement arm of the largest commercial banks, then stop worrying about hyperinflation. But don’t stop worrying about Congress.
Ever since All the President’s Men – the movie, not the book – we have been told to follow the money. So, let us follow the money.