Sunday, September 28, 2008

Hyperinflation? No

This is the Zimbabwean $100 billion note as of July 19, 2008 ( source ). At that time, its value was about U.S. $1. It's a symbol of the printing of fiat currency gone mad. Even with the bailout, the U.S. is nowhere near such madness, but significantly increasing the money supply will fuel inflation.
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