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Wouldn't hyperinflation lasting 3-4 years be a good thing for the country in the long run?

It would definitely be a wake up call for the Democrats Useful Idiots

4 Answers

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  • Zirp
    Lv 5
    1 month ago

    NO

    and why do you pretend that it's a partisan issue?

  • 1 month ago

    I am not sure hyperinflation is ever good.

    In Germany, in the 1930s, when you picked up your wages you had to run to the shops and buy next week's food immediately. if you left if a while then you would not be able to afford as much food.

    There were stories, whether true or not I can't say, of people going into a coffee shop with sufficient cash to buy a cup of coffee but not having enough money to pay the bill after the coffee was drunk!

    Also, you need to look at inflation a different way. it is one method by which banks make money. If they need more money they just raise the rate of inflation. Imagine you want to save $1000. You put it into the bank and they could immediately buy gold.

    The following year when you come to get your cash back and claim your 1% interest, they cash in the gold and pay you back. That gold might be worth $1100. Even if you get your $10 interest, the bank has still made $90. OK, they probably do not buy gold but you can bet that they will make at least that amount of money from your deposit.

  • 1 month ago

    I doubt it.  But here's what you do: put on your best Qanon t-shirt and your cleanest pair of jeans, and schedule an audience with the Federal Reserve Board of Governors.  Explain to them your superior economic insight, and maybe they'll adjust Fed policy to increase inflation by a factor of 100.

  • Dan
    Lv 6
    1 month ago

    I can go for some of that 1970's inflation and 8% interest rate on savings. 

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