IMHO as a non economist the reason we can print tons of money and not see hyperinflation thus far is that the printed money never reaches the hands of the consumer. It is distributed to the institutions who do not loan it out but rather choose less risky options like equity markets to park the money and make a return. Furthermore, there are so many dollars in circulation that printing a few trillion here or there is nothing to the overall supply of money. We have inflation now that is maybe transitory since the fed actually dumped helicopter money in the form of stimulus to the actual citizens rather washing it through the banking system. Likewise, huge companies like Apple hold billions on there balance sheets and never use it. If they were to all start spending their reserves at once we could see inflation because the funds would actually be used to consume resources. If things got tight politicians would pick hyperinflation over a depression every time imho, of course they would help out their banker friends by changing the law to make fixed mortgages and such adjustable in a way that would "protect" the banking system.
Also imho, as long as all the major countries in the world play along with this together it will work for an extended time unless you get a rogue group like a China that quits playing then things could get interesting.
PS: I still do not believe the CPI as an accurate measure of inflation.
Also imho, as long as all the major countries in the world play along with this together it will work for an extended time unless you get a rogue group like a China that quits playing then things could get interesting.
PS: I still do not believe the CPI as an accurate measure of inflation.