Forty percent, big mac inflation is.
Never use Official numbers. Always use big mac index.
Sounds about right to me. America getting absolutely jacked.
So, UBI. They're going to have to print more money to pay for food stamps. Which will cause inflation. Which means they're going to have to print yet more money to pay for food stamps, which drives folk out of work, which means they need more food stamps, which causes inflation...
I dunno how strong this will be compared to the rest of it, but there's a Weimar hyperinflation pathway there.
Of course they could always try the price controls thing. That has worked once, ever, right? I'm sure it hasn't failed literally every time it was tried or anything?
I don't think hyperinflation is imminent. I think you're looking at the next 8-12 years for a nearly guaranteed hyperinflation event though. Time to GTFO unless you have an anti-inflation plan.
Could be as close as next year, but they're quite skilled at kicking the can. More ruin in a nation etc.
Alternatively the government collapses in 2024. Sufficiently unlikely in my opinion, but the opening is there. If the Eccles Building can't even staff itself, you can avoid hyperinflation. Kind of have other problems on your mind at that point, however.