How bad will inflation get and will it be worse than when Jimmy Carter was in office in 1970's?

[888theGreat]

Jimmy Carter loves Biden , now he won't look like as big of an idiot.
I think we are looking at 32% to 50% inflation. They will have to send more stimulus checks soon because economy is going to tank. People have used all they can borrowing against their house and credit cards.

13% inflation

15% inflation

18% inflation

20% inflation

22% inflation

25% inflation

35% or more inflation

Updates

+1 y

Will Hyper Inflation be the final nails in the American economy coffin?

Updates

+1 y

Last time in 1970's , inflation continued from 1971 to 1980 , we can say 2019 to 2027 at 50%

[AviatorTom]

There are many more checks in place now than there were in the late 1970s.

Inflation then was fueled (pun intended) mostly by outside sources, mainly OPEC and the Iran Hostage situation, and it was hard for the US to exercise much control over that.

Inflation today is the result of mostly internal sources, and the US can better deal with that.

I do believe there will be higher inflation, but I don't thin kit will exceed 15%.

[888theGreat]

It is still an oil problem but worse because of printing money out of thin air. We didn't do that in 1970's , so it is going to be worse and we didn't shut down economy over a cold for 6 months either.

[AviatorTom]

It would be nice if someone had a crystal ball... I guess we'll just have to see what happens.

[888theGreat]

you know something else will happen

[AviatorTom]

Ancillary to Murphy's Law... When you are absolutely positive that something will happen in a particular way, expect the opposite will happen.

[HighValue]

When Trump was in I paid $2.40 per gallon of premium gas here in CA. Today I filled up and at the same station it was $5 per gallon. $48 and change to fill up today. #FJB!

[888theGreat]

goated up there thinks you have a hole in your tank , because there is no inflation.

[HighValue]

Not surprised. I was on this site years ago and he is one of the hardcore liberals that I remembered because of frequent blatant dishonesty and denial of statistics. There are a few people that I just try to ignore whatever they post because of past experiences with them from years ago.

[goaded]

I'll just leave this here, as an accompaniment to the graph I posted earlier showing inflation at about 6%. Fuel prices are globally determined.

[mike5150]

If we keep printing money like crazy we could see inflation similar to Germany post world war 1.

[888theGreat]

might be worse than hyper inflation

[anylolone]

Effectively in CPI it will be crazy, but "nominal" they will fudge the numbers to pretend it's lower than 13%.

[888theGreat]

I think it is more than 13% now. John Williams shadow stats has it higher I think

[anylolone]

Well, then all is fucked.

[goaded]

None of the above.

[888theGreat]

Oh a inflation denier

[888theGreat]

I guess you think Obama was white too? Hillary was a saint?

[goaded]

By the way, you do realise that if they'd managed to increase the minimum wage, you'd be blaming inflation on that, right? You just want something to blame on Biden.

[OddBeMe]

How bad will we let workers pay get? That’s the real issue. Prices go up and so should wages.

[888theGreat]

wages need to stay a head of over all inflation and rarely ever does.

[OddBeMe]

Hey we agree! That’s weird isn’t it?

[888theGreat]

Don't get too giddy

[OddBeMe]

Frenemies can enjoy simple pleasures.

[sawno]

Expect 50% or more.