People often accuse me of making “irresponsible” forecasts of massive price inflation. Even though they know that history is replete with examples of central banks ruining their currencies, these critics are sure that “it can’t happen here.” So in the present article I’d like to make the brief case for why we should all be very alarmed about the prospects for the U.S. dollar. First, let’s look at what those penny pinchers in the federal government are up to. The Congressional Budget Office (CBO) recently released its analysis of the Obama Administration’s ten-year budget proposal. The projected deficit for (fiscal … Continue reading Hyperinflation Is Coming