The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century. – Laurence Kotlikoff
Hyperinflation can take virtually your entire life’s savings, without the government having to bother raising the official tax rate at all. – Thomas Sowell
The monetary managers are fond of telling us that they have substituted ‘responsible money management’ for the gold standard. But there is no historic record of responsible paper money management. The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos. – Henry Hazlitt
I’ve been concerned about a hyperinflationary environment for close to a decade. My thought process is rather simple.