Reply #51: Pure speculation.

[Telly Savalas]

Our nation's debt/GDP ratio is bad, but it's been worse:

http://mediamatters.org/items/200505190008

12 years of GOP rule from '81 through '92 made it even worse than it is now, but a few years of a Democratic presidency was all it took to reverse that trend.

As was pointed out above, the M3 issue is irrelevant, and the money supply isn't expanded by printing money.

So it really looks like predictions of hyperinflation are coming out of thin air. The dollar will probably take a bit of a beating against the Euro for the remainder of Bush's presidency as a result of his idiotic fiscal policy, but there's really nothing to suggest that hyperinflation will arise.

What's with all the apocalyptic prophecies at DU? Between Iraq, the health care crisis, poverty, the discarding of the 4th Amendment, and the denial of civil rights to the GLBT community, don't we have enough real problems to tackle without having to invent new ones?