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Hyperinflation

Iran, Stable but Miserable

Steve H. Hanke | Posted 07.29.2014 | World
Steve H. Hanke

The Misery Index is the sum of the inflation, interest, and unemployment rates, minus the annual percentage change in per capita GDP. It provides a clear picture of the economic conditions facing Iranians.

Is Venezuela Next?

Steve H. Hanke | Posted 05.04.2014 | Business
Steve H. Hanke

We documented 56 hyperinflations -- cases in which monthly inflation rates exceeded 50 percent per month. Only seven of those hyperinflations have savaged Latin America. Will Venezuela be the eighth country to join the Latin American Hall of Shame?

Inflation Goes Underground

Jerry Jasinowski | Posted 01.25.2014 | Business
Jerry Jasinowski

Inflation is not a thing of the past. It has merely gone underground for a while. I believe it is inevitable that it will eventually reappear in its traditional form of rising prices for food, fuel, rent, clothing, and other basic costs of living, and you will see this begin in 2014.

Venezuela Inflation Rate Soars To Unseen Levels

AP | Posted 11.08.2013 | Latino Voices

CARACAS, Venezuela -- CARACAS, Venezuela (AP) — Inflation in Venezuela has surged above 50 percent as a plunge in the value of the currency deters i...

Venezuela Inflation Rate Goes Through The Roof

AP | Posted 10.12.2013 | Latino Voices

CARACAS, Venezuela -- CARACAS, Venezuela (AP) — Venezuela's Central Bank says prices have risen nearly 50 percent since last September as the countr...

What Gays Can Do With Money After It's Worthless

Brian Stone | Posted 01.23.2014 | Gay Voices
Brian Stone

With the debt ceiling approaching and the possibility of a global financial collapse, I think it's time that we talk about the bright side of things. For instance, what will we gay folk do with our useless cash? There are endless possibilities.

What's the Fed to Do?

Harlan Green | Posted 10.06.2013 | Business
Harlan Green

Why the debate over who should be the next Federal Reserve Chairman? There is a tug of war going on between inflation 'doves' and 'hawks' within the Fed. And that debate really has little to do with who will succeed Fed Chairman Bernanke next year.

Iran's Inflation Is Still a Big Problem

Steve H. Hanke | Posted 06.18.2013 | World
Steve H. Hanke

Those data that are reported tend to possess what I've described as an "Alice in Wonderland" quality. In light of this, it is fair to suggest that any official data on Iran's inflation be taken with a grain of salt. So, how can this problem be overcome?

When Will Conservatives Admit Defeat?

Jeff Schweitzer | Posted 07.30.2013 | Politics
Jeff Schweitzer

While the right wing embarrasses itself with dire warnings of hyperinflation and conspiracies to manipulate economic indicators, the rest of us enjoy a solid economic expansion.

The U.S. Dollar Could Save Argentina

Steve H. Hanke | Posted 07.10.2013 | World
Steve H. Hanke

Argentina is once again wrestling with its long-time enemy -- inflation. Now, it appears history may soon repeat itself, as Argentina teeters on the verge of another currency crisis.

The Treasury Has Already Minted Two Trillion Dollar Coins

Laurence J. Kotlikoff | Posted 03.24.2013 | Politics
Laurence J. Kotlikoff

Countries that pay for what they spend by printing money or, these days, creating it electronically, are usually broke. That certainly fits our bill. And we're printing lots and lots of money. Over the past five years, the Treasury has, in effect, done its $1 trillion coin trick twice.

Déjà Vu: When Money Dies

Janet Tavakoli | Posted 12.04.2012 | Business
Janet Tavakoli

What happens when a country's currency is in freefall? You need look no further than current turmoil in Iran to find out.

Why QE3 Won't Jumpstart the Economy -- and What Would

Ellen Brown | Posted 11.25.2012 | Business
Ellen Brown

An injection of money into the pockets of consumers would actually be good for the economy, but QE3 won't do it. The Fed could give production and employment a bigger boost by using its lender-of-last-resort status in more direct ways than the current version of QE.

Core Inflation Rises At Fastest Pace In Three Years

Posted 08.15.2011 | Business

Core consumer inflation rose at quickest pace in nearly three years in May and a regional manufacturing gauge contracted this month, underscoring ...

Modern Monetary Theory: The Last Progressive Left Standing

Warren Mosler | Posted 08.13.2011 | Business
Warren Mosler

The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings -- 'yes, the financial markets might destroy us, but how can we cut this or that worthy cause' -- don't cut it.

Is QE2 the Road to Zimbabwe-style Hyperinflation? Not Likely

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Unlike Zimbabwe, the U.S. can easily get the currency it needs without being beholden to anyone. But wouldn't that dilute the value of the currency? No.

What's Really Behind QE2?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

The deficit hawks are circling, hovering over QE2, calling it just another inflationary bank bailout. But unlike QE1, QE2 is not about saving the ban...

In Praise Of Inflation

newyorker.com | James Surowiecki | Posted 05.25.2011 | Business

And so a surprising number of high-profile economists, on both the left and the right, think that it's time for the Fed to try one more extraordinary ...

Is There A Government Bond Bubble?

Laurence J. Kotlikoff | Posted 05.25.2011 | Business
Laurence J. Kotlikoff

YES, there is a government bond bubble. And it's huge. Uncle Sam and his counterparts in the EU and Japan are broke and are, almost surely, going to...

Thoughts on Hyperinflation in the USA

Edward Harrison | Posted 05.25.2011 | Business
Edward Harrison

During the world's last inflationary period in the 1970s, the West witnessed social unrest of the most acute kind, bordering at times on anarchy. If stagflation can lead to anarchy, hyperinflation can lead to and has led to much worse.

‘Black Swan' Author Concerned About Hyperinflation

BusinessWeek | Subramaniam Sharma and Bob Chen | Posted 05.25.2011 | Books

Nassim Nicholas Taleb, author of "The Black Swan" about how unforeseen events can roil markets, said he is concerned about hyperinflation as governmen...

Tendai Biti: Brave Reformer in Mugabe's Zimbabwe

Barry D. Wood | Posted 05.25.2011 | World
Barry D. Wood

Tendai Biti, Zimbabwe's reformist finance minister, knows something about living on the edge.

Paul Krugman Is Wrong on Inflation

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

I never thought I would witness the day when Paul Krugman and Dick Cheney agree on economic policy.

Inflation: Why Investing in Yellow Could Save Your Portfolio

Jill Keto | Posted 05.25.2011 | Business
Jill Keto

On TV, you have to boil down answers into the shortest, most concise sound bites. Right now, my favorite sound bite is "Invest in Yellow: Corn, Wheat and Gold."