Hyperinflation

Question: I worry about hyperinflation, as occurred in Germany in the 1920s. The dollar’s falling. What if the countries funding our deficits start putting their money in euros? Would it be wise to go as far into debt as possible for big homes, fancy cars, and lots of credit card debt IF, in several years, a loaf of bread costs $1,000 and a typical salary is $3,000 an hour?

Answer: Many controls are in place to prevent hyperinflation and to preclude another 1929-type crash. Leverage is key. Just make sure you don’t borrow and spend unwisely, or you’ll be left holding a bag of air.