Trying to Inflate Our Way Out of Debt Is Like a Monkey Trying To Outrun a Lion

Commonly-accepted wisdom says that we can inflate our way out of our debt crisis.

Will there be Zimbabwe-type Hyperinflation in the U.S.A.?

The Republicans are convinced that hyperinflation is just around the corner, but don’t believe it. The real enemy is deflation, which is why Fed chief Bernanke has taken such extraordinary steps to pump liquidity into the system.