Comment by arcticbull
21 hours ago
To be clear I'm not trying to say it will or won't happen, just that when people think hyperinflation, they think of a purely monetary phenomenon where inflation exceeds some threshold so it gets a "hyper-" prefix. I think it's worth thinking about the phenomenon more deeply when trying to pattern match because there's more to it. It's also something that's not super well understood since we don't have a ton of data points on it.
Would sure be nice to live in precedented times for a change.
Oh yes I agree. Not trying to downplay the recent inflation at all. More musing about how it’s interesting that we’re mostly looking back to events outside of the US when in reality we can look to the US for much of this. Which isn’t to say don’t look everywhere more that it feels like we have a blind spot that we shouldn’t have.