How are we feeling about Balaji’s prediction?

Midwest mom in a California dad bod || Ruthlessly pro Farcaster

i love Balaji

but US literally has never experienced hyperinflation

this would be unprecedented — and i don't think that we are in unprecedented times yet

maybe his definition of hyperinflation differs from the commonly accepted 50% per month

i don't see US printing twice as many dollars as is already printed

cto @ bwl.gg (lunchbreak.com), 80M+ users (bdut.ch) 🙏 built @remindme, @mintit, @gpt, @healthbot, farcantasy.xyz

Apr 2020: money supply 4x'ed in a single month

this is how fast it can happen

https://fred.stlouisfed.org/series/M1SL

bUt iNfLaTiOn wAs cOrPoRaTe gReEd

(They absolutely took advantage but still)

Writing about DAOs @ charterless.com.
Ex-FB, Amherst College.
Always an Eagles Fan.

For now only 8% it takes a long time to play out

I mean - they 4x'd the supply in response to a global crisis and all we got was 8% inflation. Not sure I see them doing enough to get us to 50%... especially when >50% of the country is panicking about inflation.

price inflation is corporate greed (can happen without supply increase), but monetary inflation is the Fed

important to note that monetary inflation went to banks, and then fled to RRP and similar facilities instead of being distributed to people through loans, where price inflation was occurring