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<p>[QUOTE=&quot;johnmilton, post: 4287268, member: 101855&quot;]The factor that kept us from seeing hyper-inflation was a slow-down in the velocity of money, the number times a dollar is spent in a quarter.</p><p><br /></p><p>A quick search led me to the St. Louis Federal Reserve Bank site. It shows the number down from a high of 2.2 in the third quarter 1997 to about 1.4 in the fourth quarter of 2019. These numbers a measured against M2, which is the money in circulation plus savings deposits, money market accounts and CDs held by individuals that amount to less than $100,000</p><p><br /></p><p>If that number heads back up, watch out. Inflation is on the way. The question is how bad does it get?</p><p><br /></p><p>I hope I’ve not been too technical here.[/QUOTE]</p><p><br /></p>

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