Inflation is a lagging indicator

 Bob Higgs wonders why we have no hyperinflation.

We do not see inflation until the recovery begins.  The way it works is as follows:

At some point in the near future the economy will finally grasp what happened to us, and correct the problem.  When that happens, rates rise quite rapidly as investment begins and economic yields increase.   The federal government will see both its rates rise and its cost of doing business rise.  In the new environment, the federal government become unsustainable and defaults in hyperinflation.

We are not quite there yet.  We have the traffic automation thing going, we know that is part of it.  Next we have to accept reality about oil and begin to see gains in algae oil.  We get over the last part and its boom times as the central government goes broke.