I also saw it on one of the dlnet updates from him. Around a year or so ago I think. Didn't save it but it was run of the mill front page update stuff.

Of course "hyper" is in the eyes of the be---look a squirrel!

Anyway I don't think he meant Weimar/Zimbabwe style inflation where in a few months it takes wheelbarrows of million dollar bills to buy a loaf of bread or anything like that. But when the dollar and debt bubbles pop (and they will, as well as the college bubble) we will see significant austerity coupled with Carter style stagflation for several years as the air comes out of the over printed fiat.

You can "pay off" a lot of debt by trashing your currency 10-20% per year as the compounding effect of that is massive.

He knows he will get that 4/8 raise back no problem, and the 3/3 will be more than given back (and then some) as we get it in the first place.

Either way though its smart to re-fi debt at lower rates now while we can. There is a crap storm of dual subsidized foreign EGO carriers gunning for our nation's marketshare because they have WAY over-ordered and will have o at least try to conquer US international flying in order to survive. Hopefully this will enable us to at least slow the rate of their growth here a little bit in the near to medium term while giving us a chance to beat them back hard if we ever decide to actually compete and win against them. Yeah I know, flatbeds. That's great and all, but not nearly enough.