A lot of very smart people have said, over the course of the last year, that when the current downturn "turns", that one of the things we'll be seeing is some serious inflation.
They point to the printing of all that money over the last two years that have been dumped into the economy. Some folks have said that means we'll soon see inflation of prices- maybe even "hyperinflation".
Me? I don't know. I actually kind of doubt we'll see a great deal of inflation, and here's why:
Personally, I think there were a series of shocks to our economy which hit in succession- aggravating the ability of our economy to absorb the change that was pushed through. Changes, I would point out, that happened long before our current President took office. One thing that is for sure is that our nation's financial picture doesn't turn on dime.
They point to the printing of all that money over the last two years that have been dumped into the economy. Some folks have said that means we'll soon see inflation of prices- maybe even "hyperinflation".
Me? I don't know. I actually kind of doubt we'll see a great deal of inflation, and here's why:
Personally, I think there were a series of shocks to our economy which hit in succession- aggravating the ability of our economy to absorb the change that was pushed through. Changes, I would point out, that happened long before our current President took office. One thing that is for sure is that our nation's financial picture doesn't turn on dime.
