Hyperinflation is triple-digit annual price inflation. I think it’s anything above 25%.
Mass inflation is anything above 15% but below 25%. We are going to get mass inflation. We are not going to get hyperinflation.
Why am I so “optimistic”? Because I see that the Federal Reserve Chairman Ben Bernanke is now caught in a spotlight. Ron Paul turned it on him in 2007 when Paul ran for the Republican nomination for President. The FED now has more negative publicity than at any time since it opened its doors in 1914.
The FED knows what causes hyperinflation: hyper monetary inflation (monetary base/FED portfolio) plus commercial bank lending. We would be in hyperinflation today, except banks are not lending. They keep money with the Federal Reserve as excess reserves.
The FED would wipe itself out if it turned to hyperinflation.
Then can we get hyperinflation? Yes. How? I discuss this in my article.