10.16.2008

Fire or Ice: Are we headed torward hyperinflation or deflation? Stagflation? Mental breakdown??

The most important debate among economists, high-level investment advisors and financial experts is whether the U.S. economy will heat up or cool down - that is, whether it will go into runaway inflation or deflation.

"Hyperinflation" is runaway inflation. This is what Germany experienced in the 1920s's, where people had to literally pay barrels full of German marks to buy a loaf of bread.

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