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U.S. Hyperinflation

Submitted by thewhitewhale on Sun, 10/25/2009 - 10:40
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From The Daily Reckoning

How much debt is too much debt?

A professor at the University of Basel, Peter Bernholz, thinks he has the answer. He studied instances of hyperinflation. He believes that you get hyperinflation any time the government spends 166% or more of what it receives in revenues. This should set off alarm bells. The US budget is now about 170% of tax receipts.

http://dailyreckoning.com/devil-debt-will-have-his-due/

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This is good information

Submitted by Gil on Sun, 10/25/2009 - 11:19.

especially for those that think hyperinflation cannot happen here.

Re- Hyperinflation

Submitted by oswegoscott on Sun, 10/25/2009 - 11:02.

I don't think anyone here needs to be told we are
hopelessly in debt. It's extremely obvious.