Paul Krugman: Americans Still Waiting for Predicted Hyperinflation

Some readers may recall the Peter-Schiff-was-right campaign of 2009, a sort of public-relations blitz claiming that Mr. Schiff, an Austrian-oriented commentator, had foreseen the financial crisis. It wasn’t really true even then; still, Mr. Schiff became a fixture of right-wing television shows, constantly warning that expansionary monetary and fiscal policies were about to produce hyperinflation.

Well, Cullen Roche, who writes the Pragmatic Capitalism blog, recently caught a TV host actually putting Mr. Schiff on the spot, pointing out that he’s been predicting that hyperinflation since 2008. So where is it?

Good question.