In an inflationary environment, prices exceed the ability of people to pay and dollar velocity falls which puts downward pressure on prices. At least that somet

In an inflationary environment, prices exceed the ability of people to pay and dollar velocity falls which puts downward pressure on prices. At least that sometimes happens. Other times, governments, banks, megacorps and other institutions turn on the liquidity and people just start using a million of the local currency unit to buy bread. Which way things go today will depend upon whether or not the Federal Reserve and the US govt find a way for the govt to avoid a sovereign debt crisis.