The Fed has been printing money like there's no tomorrow. They just keep getting a bigger and bigger helicopter and doing this:
But does that mean we're about to face hyperinflation?
People keep referencing Weimar Germany, Zimbabwe or Venezuela. But in each of those cases, their countries government printed enormous amounts of currency at the same time as productivity collapsed. And the latter two are basically third world countries while the first just lost a World War. They're not comparable.
That being said, we are facing a lot of inflation. In addition, the economy is slowing. So what we face instead is stagflation. In this video, Phillip and I explain why we're returning to the 1970s:
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The Righteous Mind
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