(A shorter version of this podcast has replaced the long version. There were approximately 3,700 downloads of the Old version, but we recommend listening to this one - no important content has been lost.)
In this conversation between Michael Hampton and Gonzalo Lira in Santiago, Chile, the two discuss the shock event which could trigger a sudden move into hyperinflation within the US. Mr. Lira argues that there is already enough money in the system to trigger a "Shazaam moment." And Mr. Hampton argues that there is a third alternative to default and hyperinflation, and that's Haircuts and sharing the pain, the pathway that the UK has started down. The discussion gets lively as the two put forth two opposing points of view, and they agree that hypenflation may play out differently than many expect. For instance, will property be a good investment in a hyperinflation scenario.
There's a discussion thread on GEI : Tinyurl.com/GEI-LiraHyp
Gonzalo Lira's Blog can be found at : http://gonzalolira.blogspot.com/
