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> whereas the opposite occurred No opposite. There certainly is inflation. Just not hyperinflation. Some Austrian economists have also written on what exactly
by lake99 14y ago
> whereas the opposite occurred
No opposite. There certainly is inflation. Just not hyperinflation. Some Austrian economists have also written on what exactly will bring about hyperinflation [1]. In short, it is when large amounts of money comes into circulation, i.e. when you and I can borrow that money to buy stuff.
Peter Schiff follows the Austrian school of economics, but he is not an economist himself. His highest degree is a bachelors in finance and accounting.
[1]: http://mises.org/daily/3390 http://mises.org/daily/3390