[jsmcgd]

Can you think of any period of hyper-inflation without quantitative easing? People assume that because the velocity doesn't increase in lock step with the amount of currency creation that somehow inflation has been avoided, but the tsunami is still coming.

A series of growing incidents will become a crisis, and it will lead to a collapse in faith of the spending power of all western fiat currencies. That's when everyone, including large institutions will start disgorging vast amounts of dollars in an effort to put that value somewhere more secure and the spending power of the currency will collapse and with it the value of everyone's savings.

There is nothing new here. This has happened many times before.

[anm89]

Sure. As far as I'm aware of not a single historical episode of hyperinflation ever had anything to do with QE.

QE is central bank asset purchases, not attached to specific policy or spending, extending into the long end of the yield curve, of a pre determined quantity, at least pre determined per time period.

The first people to do this were the Japanese in the mid 90s. So every hyper inflation event before that was not caused by QE. The ones after it as well. Venezuela and Zimbabwe weren't trying to influence the yield curve when they hyper inflated, they were printing money directly to pay debt and buy commodities.

Despite the fact that QE increases the money supply, it is not synonymous with literally printing money