Hyperinflation?

While I am a fan of Kotlifoff's work on the understated liabilities of the U.S. Government, hyperinflation seems unlikely. For that matter, severe deflation seems unlikely as well. 

I think that we will have a crisis. These kind of things happen every 8 years or so. The last one was in 2008. The one before that was 2000. Before that is was 1992, although that one was rather mild. This type of crisis seems to be getting worse. So if the pattern continues, we should expect another crisis in 2016.

Personally I think it will be in 2017, as the election in 2016 will delay things.

 

I think President Clinton will overreact and makes things worse so, putting on my Amazing Kreskin hat, I predict deflation in 2017 followed by inflation similar to the seventies.