an analyst at Bank of America
says transitory hyperinflation is a real possibility
https://www.economicpolicyjournal.co...ransitory.html
"at the very least transitory hyperinflation is ahead"
she didn't define "hyperinflation" but that is professionally considered to be 50% per month or more
Harvard professor Greg Mankiw, who has the top best-selling economics textbooks on the market, writes in his
Principles of Economics (fifth edition) text that "hyperinflation is generally defined as inflation that exceeds 50%
per month."
Paul Krugman in his
macroeconomics textbook (third edition), written with his wife Robin Wells, states that hyperinflation occurs when "prices rise by thousands or hundreds of thousands of percent..."
of course krugman is krugman
buy your toilet paper and beans and rice and millet and sorghum and cheese and water now
think germany in the weimar republic days