No Hyperinflation on the Horizon for Now

Fiat money is manufactured from debt. It is pathological, self destructing, and deflationary. And since we are getting exponential growth of debt money, it is difficult for me to see how hyperinflation can be a problem, despite massive amounts of newly created money.   The fiat monetary system like the one we are forced by law to use now, is “liability money,” not asset money. In an asset-based system, such as a gold- or silver-based system, when new supplies of gold or silver are discovered the monetary system is expanded without any corresponding liabilities. Not so in a …