[quote=EconProf][quote=FlyerInHi]What about deficit spending and money printing. Will they not cause hyperinflation as some have predicted?[/quote]
So far, no, to the surprise of all of us.[/quote]
The only people who are surprised by it are the supply-siders. Those of us who understand the reasons behind our economic malaise aren’t surprised at all.
But to say that inflation hasn’t occurred at all is wrong, IMHO. We’re just seeing it in asset prices and other non-productive “investments,” and it’s much higher than stated CPI would suggest. What would prices be like if the government and central bank hadn’t been intervening all these years? The difference between that and today’s prices is where your inflation lies.
