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Why was there no inflation when reagan/bush quadrupled the debt in 12 years?
So much for the scare tactics of hyperinflation.
First of all, nixon created the mess carter inheirited. Secondly, rising prices in a sears catalog is not hyperinflation. There is always inflation of 3%, so obviously there will be higher prices 15 years later.
Joe, did you see i mentioned hyperinflation? Do you know what hyperinflation is?
Please read up on Fractional Reserve Banking. Understand what happens when you dump $2 trillion in new currency into the system and what that can really produce. (9.4 Trillion). You state that there is always inflation of 3% per year, right? You need to take a look at an exogenous growth model and tell me that is sustainable, because I don't think so.
Ronald Reagan for Reagan/Bush '84