“i think mish is assuming that the govnt gives a rats ass about the people who will be most affected by dollar devaluation.”

No, what he is saying is that the Fed won’t hyperinflate because that would be endgame for them as they would have a lot of worthless crap on their Balance Sheet.
That’s why I keep saying that the Fed doesn’t give a sh*t about your overpriced SD home or condo.