Orwell and Huxley, both members of the Fabians, great rabbit hole btw, had very different visions of the future. Look alike we are living in Huxley’s dystopia.

“What Orwell feared were those who would ban books. What Huxley feared was that there would be no reason to ban a book, for there would be no one who wanted to read one. Orwell feared those who would deprive us of information. Huxley feared those who would give us so much that we would be reduced to passivity and egoism. Orwell feared that the truth would be concealed from us. Huxley feared the truth would be drowned in a sea of irrelevance. Orwell feared we would become a captive culture. Huxley feared we would become a trivial culture, preoccupied with some equivalent of the feelies, the orgy porgy, and the centrifugal bumblepuppy. As Huxley remarked in Brave New World Revisited, the civil libertarians and rationalists who are ever on the alert to oppose tyranny "failed to take into account man's almost infinite appetite for distractions."

Is USA going into hyperinflation?

Official inflation is 7.5%. Unofficial could be double digits inflation. Fed Powell printed 40% of the money supply within a year thinking that USD is reserve currency and inflation can be exported worldwide.

This is similar like the old fed chair miller which is a non economist and made a mess of the inflation. Powell is a lawyer so he should be in court defending Ted in Ted 2 and not printing money in central banks.

The rot seems to start from Bernanke after 2008. They wanted MMT so that they can print whenever the economy is weak to prevent recessions. They have officially delayed a few recessions from 2009 till now. Even the repo crisis which started in 2019 September was being avoided by printing money. Then covid came gave them a chance to print lots of money.

Now it seems to have a super bubble accumulated from a few recessions which are supposed to happen but prevented by money printing.

Now seems like Powell is being trapped that they cannot print due to inflation. It is not worth for foreign countries to buy treasury because usd does not seems to be able to hold value because the interest earn cannot even offset the inflation.

Is USA going towards hyperinflation? And what is the implications? Riots? Or every one gets paid every half a day like Weimar republic because the food prices will be higher in the evenings.

Should Powell just print more now and implode everything?

EARN IT Act advances in Senate despite free speech concerns