Hyperinflation in the US, Not now.

The way some people, even some very smart and sophisticated people, talk about the government printing money to support the economy, one should be afraid of imminent hyperinflation. I'm not because it isn't true. The US economy is presently supported by an overabundance of credit not actual money. As long as the abundant availability of credit continues the US government doesn't have to supply (print) an overabundance of money. It doesn't even have to collect sufficient taxes to support ever increasing and more expensive governmental functions because like the consumer the government is also supported by an overabundance of credit.

I would not be at all shocked if the US government does not back all this debt with its full faith and credit since it has not assumed a legal obigation for a lot of it, e.g., Fanny Mae and Freddie Mac debt, and no one can expect it to assume state and municipal governmental debt even though much of that debt is related to Federal governmental mandates or requirements.