Global Inflation Watch
The comments below are an edited and abridged synopsis of an article by Alasdair Macleod
Fiat currencies are on the path to hyperinflation; this article looks at the evidence in the prices of financial assets and commodities. So far, gold has underperformed, which indicates that the early signals of hyperinflation are confined to the cryptocurrencies, whose participants broadly understand fiat debasement, to equities reflecting the desire not to maintain cash and deposit balances, and in international trade, where commodity prices have risen in price.
Given that the early warnings of hyperinflation of money supply are here, the article then looks at the qualities required of sound money to replace fiat currencies.
Up for discussion: Introduction; the relationship between money and prices; hyperinflation of the dollar is here; the fallacy of the deflation argument; the case for gold as future money; and the requirements for monetary flexibility.