The Hyperinflation Risk & Inflationary Storm Crisis

Jeff Camarda (), Steven James Lee () and Jerusha Lee ()
Additional contact information
Jeff Camarda: Family Wealth Education Institute
Steven James Lee: California State Polytechnic University
Jerusha Lee: Claremont Graduate University

A chapter in The Financial Storm Warning for Investors, 2021, pp 73-80 from Springer

Abstract: Abstract This chapter looks at the warning signs and impact of rampant inflation. In recent years, inflation has held relatively low and steady, but this has not always been the case. In the1940s and the 1970s, people would often spend money quickly, anticipating sudden price jumps due to the rapidly declining value of the US dollar. In fact, for a time the inflation rate was around 7%. There are many who feel that the US inflation figures released to the public are being purposefully understated. The COVID crisis is exacerbating the chance of hyperinflation because it is causing government debt to spike, and the Fed is printing extra money to try to minimize the economic fallout due to quantitative easing. More money printed often results in higher inflation. So far, the inflation numbers have been spiking.

Keywords: Hyperinflation; COVID-19; Printing money; Prices; Debt (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77271-0_8

Ordering information: This item can be ordered from
http://www.springer.com/9783030772710

DOI: 10.1007/978-3-030-77271-0_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().