We know from the past year that quite a few people inhabit alternate realities that float above the factual landscape like giant, impervious, untethered balloons. One unmoored balloon that's reached enormous proportions recently is the specter of hyperinflation-the conviction that a reckless expansion in the money supply will trigger an endless cycle of currency depreciation and price hikes, turning the U.S. into the equivalent of Weimar Germany circa 1923, Zimbabwe circa 2020, or present-day Venezuela.
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