You can't attack the theory behind it, so you have to attack the prediction someone made. Just like when you are bickering with the Republicans here you can't attack what they are saying, all you can do is attack what some other Republican did or said. Just because Schiff foolishly made a prediction as to when it would happen doesn't make anything else he says wrong. Chances are that your government CPI will never show hyperinflation when it happens. They will change the formula again or just stop reporting it. By then they won't have any credibility left anyway though, except in your eyes.BoatShoes;1274399 wrote:Well let's see, your boy Peter Schiff predicted hyperinflation in 2011 or 2012. Ben Bernanke has finally done the right thing in trying to get inflation expectation's to rise by promising to delay raising rates once the economy rebounds to potential gdp. Yet, no signs of hyperinflation but instead inflation still being projected below the target rate.
I suppose you've still got 3 and a half months left though.
What I find remarkable is that after all of this time you still don't understand how my concept of inflation is different than yours. Yours is the increase in the CPI. Nothing else. Even if the CPI isn't increasing as much as you would like, a dollar still buys less every day. It buys less oil. Less gas. Less gold. Less in the stock market. Less college tuition. Less health care. Price inflation goes where the government sends it in our monetary system.