Williams Calls for 'Great Hyperinflationary Great Depression'; A Very Easy Rebuttal

1. Williams focuses on money supply, ignoring credit although credit is far more important
2. William ignores numerous global interconnections. Calling for hyperinflation in the US alone ignores happenings in Europe, Japan, and China. I remain amazed at how US-centric hyperinflationists in general are. Monetary printing in China far exceeds that in the US, and it is the Euro and the Yen most at risk now, not the US dollar.
3. Williams ignores relatively small changes in Social Security that can keep that system afloat for another decade or longer. Regardless, SS is a huge future problem that will matter at some point, just not now. Currently, collapsing consumer credit in the US is soaking up all the Fed's printing.
4. Williams ignores numerous constraints on the Fed and Congress
5. Williams ignores US gold holdings, the largest in the world
6. Williams ignores the massive influence of consumer attitudes and bank attitudes towards lending.

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