The Fed has the ability to put money out, it's got the ability to take money back in, and if they don't do that, we will have hyperinflation worse than we had in 1980 and 1981.
Quotes about hyperinflation (3 Quotes)
There was a time when people could say, 'Oh that's just the Keys,' but it's not just the Keys anymore. We're seeing hyperinflation in property values across the state, so it's affecting police officers, nurses, teachers and other low-paid professionals in a lot of places.
The likely consequence could be very messy elections at a time when the country is most fragile, ... The instincts to print money and spend in order to get the voters' favor will be infinitely increased, and the chances of hyperinflation would go up that much faster.