[jonathankoren]

> As far as I can recall, the current system is 'calibrated' for 2-3% annual growth. 5-8% is entering the banana republic inflation zone.

This is simply untrue. Like not even close the definition of hyperinflation used by economists. Hyperinflation is a monthly inflation rate of 50%, or 12974.63% annually.

This is scare tactics.

[mc32]

Hyperinflation is Zimbabwe or Brazil during some periods. That's not what I'm comparing it to.

High inflation is what we had during the Carter years. People who lived though it say it was awful. Five per-cent may be on the cusp, but 8% is getting up there where it eats up a wage earner's buying power.

[jonathankoren]

If you’re not comparing the United States in 2021 to countries where the entire economy has collapsed due to inflation, then why are you using terms like “banana republic”? You could have used the 1970s if you meant the the 1970s, which as someone that barely remembers it, was not a “banana republic”.