Originally Posted by
welle036
Quite a few economists have been warning of it with the size of the bailouts. But they always say it is avoidable, with proper(and probably very painful) monetary policy. I think to get really bad hyperinflation you need a horribly corrupt government. Obama has brought in Paul Volker as an advisor, so that will probably help with the inflationary pressures American will face from the bailouts.
The incoming Adminstration will not do anything but make matters worse. We are heading right back to 1976 thru 1980. High employment, high interest rates, etc. Corrupt goverment? For the last 2 years the legistlative branch of the goverment has been under control of a party that said it was going to clean up corruption. It's getting a good start by selling a senate seat, affairs in Floridia, politicians paying off mistress, governors using call girls, So I would say, hyperinflation is right around the corner.