Doesn’t Money Creation Equal Inflation?

Image by Salon de Maria via Flickr QUESTION : Mr. Taylor: In your presentation you mentioned the reserve currency status of the U.S. and its military as reasons you believed the U.S. would not fall into hyperinflation as did the Weimar Republic. Jim Sinclair for one has postulated that hyperinflation is based on money supply expansion and a currency event such as loss of confidence in the currency. Please explain your reasoning. Thank you for your views. George ANSWER : Money supply expansion is “inflation,” by Austrian school definition. I subscribe to that definition and Austrian economic theory in general. However, the problem we have now is… . . . → Full Story: Doesn’t Money Creation Equal Inflation?