The message of this article is be careful how you adjust.
Because eventually, probably in one to three years, it will end. And as I have often written, it ends overnight. Inflation is a creature of government requiring legal tender laws, a monopoly on “printing” money, and capital controls. All the government need do to end it, is end the legal tender laws (which require that all creditors accept the U.S. dollar at face value for all debts), stop “printing” too much money, or end capital controls (which prohibit converting U.S. dollars to foreign currency or possessing or using foreign currency). Zimbabwe ended its recent hyperinflation overnight in 2005 by simply ending all those laws.
Government will continue hyperinflation for as long as it thinks it can get away with it. When they finally realize they no longer get any benefit from it—because the U.S. dollar is totally worthless and accepted by no one—they will end those laws and the “printing.” The hyperinflation will instantly stop as a result.
Should you run out and celebrate?
Before you do that, you’d better do some other things:
Sell all your gold and other commodities that you overpaid for during the hyperinflation. The historical long-term average price of gold has been $642 in 2011 dollars since 1968. That means the future long-term average price of gold will be $642 2011 dollars, too. But you get to that average by it dropping well below that after having been up in the $1,600-per-ounce range in the early 2010s. In other words, gold will drop to something like $500 an ounce the day the hyperinflation dies.
Gold bugs reading that scoff.