Marc Faber : hyperinflation is an inflation that gets out of hand

"Marc Faber : Well, actually, it hasn’t happened yet. But you understand, hyperinflation is an inflation that gets out of hand after a period of relative calm. I mean, in Germany, prices started to increase in, stay in the hyperinflation in 1918 after the war, 1919. And they only really exploded on the upside in ’22, ’23. And the same happened in Argentina, in Latin America. So I’m still wondering where they can happen. And I happen to think that the likelihood has actually increased for the following reason. You know, if you go back to, say, January 1st, 2011, we were all celebrated New Year and a week earlier, we had Christmas. Who would have thought that the Middle East was in the process of blowing up?..."

at http://marcfaberchannel.blogspot.com/2011/07/marc-faber-hyperinflation-is-inflation.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29