There will be (hyper)inflation
Ludwig von Mises Institute
by Thorsten Polleit
04/02/09
The demise of fiat-money regimes around the world has become
unmistakable. They can only be kept alive by central banks creating
ever greater amounts of base money and governments underwriting
commercial banks’ liabilities. The US Federal Reserve, for instance,
increased the stock of the monetary base — which includes banks’
demand deposits held with the Fed, plus coins and notes in circulation
— from $870.9 billion in August 2008 to $1735.3 billion in January
2009...
http://mises.org/story/3390
Informant: Thomas L. Knapp