Economist Walter Williams Sees Hyperinflation As Early As 2010
Economist Walter (John) Williams issued a special report on the evolving hyperinflation that he sees coming into the U.S. as early as 2010. Such a claim may seem incredible to most of us who have never lived in such an environment and have enjoyed the benefits of economic and political stability all our lives. To be sure, we have experienced some uncomfortable times like the deep but short-lived recession of 1981-82 and the double-digit inflation ofthe 1970 Carter Presidency. But I believe Williams makes a very, very strong case for hyperinflation with the dynamics driving it very much like that of theGerman Weimar Republic. Williams shows how it will be absolutelyimpossible for the U.S., as a massive debtor nation, to meet its trillions ofdollars of obligations going forward, given: (a) foreign savers bailing out ofthe U.S. dollar, and (b) the obligations ….read rest of story
