Why hasn’t the United States seen Hyperinflation?
For those of you who aren’t familiar, CPI is the most common measure of inflation. CPI measures the cost of a set basket of goods over time. This includes things like food, gas, and rent. While CPI is a terrible measure of inflation, that’s for another day. As of December, CPI increased 7%. That’s the fastest increase in 40 years. This jump was caused by both supply shortages and massive creation of money.
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