re: #4 aagcobb

Whens millions of Americans can’t find a job and we really need some inflation, its just perverse to try to scare people about hyperinflation. Since the last time the US had a significant inflation problem, the world has changed enormously in that its productive capacity has increased exponentially with the opening of China and other third world countries. The problem today is getting enough money to ordinary people so that they can buy all the stuff they have the capacity to produce.

I’d be a little cautious about saying we need inflation. What we need is an increase in the real purchasing power of everyone except the ultra wealthy, since that purchasing power has been flat or declining for 30+ years.

This does not require inflation.