[quote=Rich Toscano]The US in the 70s, for generic stagflation. (BTW if high inflation and low growth/employment never happen together, why is there a word to describe them happening together?)

Or, for an example of an inflation driven by a loss of confidence in the sovereign debt and currency, Iceland in 08-09.

I don’t know how to make an example gallop so I think I’m good.[/quote]

So example one is based upon a combination of cost push supply shocks and direct price controls.

Something to bear in mind when next our dealers cut off some vital resource (eg: iron, rare earth, oil).

Example two is a bit suspect because it required foreign-denominated debt to reach 6 times GDP.

For the US that would mean we would have to owe $86 Trillion dollars in RMB and Euros.

That would mean borrowing the sum equal to the total economy of China, Eurozone, and the US combined times two.

While I am sure there is a way to do that, this example really pushes the bounds of plausibility.

Rich, you have talked a lot about the supply-side component (eg: palettes of money onto street corners) to a coming inflationary event.

Do you see an example of this in the developed world in a relatively contemporary setting that we should look to?