How Can the US Hyper-inflate With So Much Debt?

Jay introduces the guests and sponsors for the day’s program and Michael Oliver passes along his usual prescient observations about the stock, bonds and precious metals markets. Gene Epstein previews his upcoming debate in which he will argue that given Social Security’s nearly $3 trillion trust fund, the system cannot add to the federal deficit. John Williams will discuss why he still believes that hyper inflation will take place even though recent history suggests with so much worldwide debt deflation will prevail.

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