Reply To: Austrians Wrong About Hyperinflation?


But don’t we all agree that in the long run markets always wins? The fed doesn’t always get what it wants. For example, I’m sure the fed didn’t want the price of gold to go from $350 to $1750 in the last decade. They can fight the market forces, but can’t beat them in the long run.

I always viewed hyperinflation as a scenario where the money masters lose control.

Maybe what’s more important to look at is what happens to countries historically when they lose their reserve currency status, which I think is what Sons of Liberty is referring to. When people around the world stop using the dollar, all those dollar abroad will flood back here causing massive inflation. I’ll see what I can find.