But there is hyperinflation.. If you were in Ohio you could buy a gallon gas with a silver dime. A silver dime is worth $1.50 silver value. A place in Ohio was selling gas for under $1.50 per gallon this year.
RE: If the government is printing trillions why is there no hyperinflation?
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If the government is printing trillions why is there no hyperinflation?
That's more like normal inflation. Hyperinflation is defined as 50% increase ...per month.
Supposing a year started at 1.5$ per gallon this would be how the rest of the year prices would look like in a 50% per month hyperinflation scenario:
January 1.5
February 2.3
March 3.4
April 5.1
May 7.6
June 11.4
July 17.1
August 25.6
September 38.4
October 57.7
November 86.5
December 129.7
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