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Message:: [QUOTE="SilverSurfer, post: 796267, member: 21603"]Usually for the past few years inflation if considered "normal" when it is between 1.5 and 3%.  Let's examine the doubling of prices. With 1.5% inflation, it would take 47 years for the price of goods to double.With 3% inflation, it would take just 20 years for the price of goods to double. The official definition of hyperinflation is a value of 50% inflation in a month. In this definition, prices would double after only 2 months.  A bit ridiculous and far fetched, but possible I guess. But, what about all the other inflationary values in between.  Like how about 4%, or 5% or even 8% inflation in a year, sustainable over a few years time....lets say 6 years for arguments sake. at 4%, prices would double in 18 years or in 6 years prices would be 25% higher. At 5%, prices would double in 14 years or in 6 years prices would be 35% higher. At 8%, prices would double in just 9 years and in 6 years prices would be 58% higher. I don't know about you, but prices doubling in just 9 years sounds like hyperinflation to me.  So, what do you think hyperinflation is?  Is it 8%...is it higher?  How fast do you think prices need to go up for it to be considered hyperinflation....because according to these stupid experts, an inflation of 40% in a year is considered just normal inflation.[/QUOTE]