“Who says we need 100% raises overnight? In a hyperflation scenario played out over 4 to 5 years, wages could increases 5 to 10% per year and it would go a long way toward rebalancing if accompanied by modest declines.”
Jobs will still end up being outsourced. I also have a feeling that foreign investors in US Treasuries might not like that very much and interest rates would go up to compensate for it so affordability will still not be had that way. Face it, credit is going to contract and inflated assets along with it because their valuations are not justified by incomes unless you want to bring about true hyperinflation of hard money (not M3). That results in a fundamental political change in which case all else is irrelevant anyway.
Did I not already explain what happened in Weimar Germany prior to WWII???
