What is hyperinflation and how is the US economy doing?
Hyperinflation is defined as when prices are increasing at a rate of over 50% per month. Basically, it means that cash is losing value so quickly that you are unable to keep assets as cash because — a month from not that bike you wanted will cost $150 instead of $100 — and a month later it iwll cost $225. Hyperinflation is generally caused by a massive monetary shock — a war, government printing a huge amount of money, investors dumping the currency causing it to lose value. Its really really bad when it happens — generally destroying an economy and requiring a new currency. Whatever problems the US has, we are a zillion miles away from hyper inflations. Current inflation in the US runs 3% per year — hyper inflation is 50% a month — so about 12,875% per year.
