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You can believe that hyperinflation spirals are a possibility or a forgone reality of magic modern monetary debt creation, and people like Ben Bernanke can beli
by Gabriel_Martin 7y ago
You can believe that hyperinflation spirals are a possibility or a forgone reality of magic modern monetary debt creation, and people like Ben Bernanke can believe they can fund debt from thin air which is impossible to default on (his words), and you'd both be right, in part. But just because historically there have been monetary policies which lead to hyperinflation, doesn't mean modern monetary policy for the largest economy in the world is poised to relegate said currency to that of anything less than a central fixture of global monetary significance.