Let's put this to rest right here and now.
"Hyperinflation", or even "Serious Inflation" (similar to what we had in the 1970s) is impossible without a means to transmit the rise in prices into wages.
In today's United States that simply cannot happen for two reasons:
Karl Denninger weighs in on the inflation/deflation debate. Peacenik tends to agree that hyperinflation doesn't appear to be imminent. Which means inflating away your's and the contry's debt isn't going to happen soon. Yesterday, after a few beers, Peacenik made the bold prediction that the stock markets would crater this week. How much bad news can investors take? How much crime can investors ignore? Right now the TSX and Dow are both red. What constitues a crater? Peacenik says new lows on both indexes. And more beer for everyone.
