Should You Be Worried About Inflation?

Okay, I'm going to respond before reading the article. The headline is plenty of grist. I don't know about you, but I sure as hell am worried about inflation. The government is launching on a spending spree, spending money and credit that they don't have and they can't get from us no matter how high they raise the tax rates. Indeed, history has shown that raising the tax rates lowers tax revenues. So, how will they pay for all these grandiose plans? Simple. They'll print money. Inasmuch as there will be no underlying value to the money they're printing, they will devalue the money that is already out there. It will take more of this "funny money" to purchase stocks and bonds, property, consumer goods, fuel, etc. etc. etc. That's called inflation, and on the scale they're proposing, we can expect hyperinflation. Indeed, the inflation we experienced during the Carter Administration will be a pleasant memory compared to what I expect. Now, excuse me while I see what Forbes has to say...

I believe Jack is correct. I call it Carter 2.0.