I mean when the dollar peters out, oh wait, to late. And with this infusion of "bailout" money, do you think bread will hit $20,000 a loaf after inflation kicks in?
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May 27th, 2009 at 9:28 am
To the extent that the bailout money stimulates the economy, inflation will not be a factor. The big question is how much will the economy be stimulated. Don't forget, too, that the Fed has a number of tools at its disposal to help control inflation. I don't know of any respected economists who would predict $20,000 loaves of bread. At its worse the amount spent and expected to be spent on bailout is a drop in the bucket compared to the increase in money supply that would be needed to cause hyperinflation.