It is important to understand the significant distinction between inflation and hyperinflation as a threat for countries one can consider wealthy, anything from the United States to various European Union nations.
In light of the unprecedented measures which are being taken all over the world, some experts have manifested concerns with respect to hyperinflation perhaps eventually affecting the US or EU countries.
Is this impossible?
Of course not.
Is it likely?
Once again, of course not.
As explained in this video, there is no historical precedent of hyperinflation affecting a prosperous nation such as the United States or let’s say today’s (!) Germany to give an example of a European Union nation. While many might be quit to point out Germany after WWI, there is a world of difference between Germany back then (which had lost WWI and had to deal with the various consequences thereof) and today’s Germany, differences which should make it clear why Germany was a hyperinflation candidate in the 20th century but isn’t one in the 21st century.
As such, while inflation is most definitely both possible and likely (in light of current events) in rich countries such as the United States, hyperinflation is… well, less so 🙂
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