Jack Dorsey

Hyperinflation is imminent and will soon hit the United States and then the rest of the world.

“Hyperinflation is going to change everything. It’s happening.”

Said on

22 October 2021 · Tweet, Oct 22, 2021; in a follow-up reply he wrote "It will happen in the U.S. soon, and so the world."

Source

Twitter CEO Jack Dorsey: 'Hyperinflation' Will 'Change Everything' · PYMNTS

Should come true

No date given

How sure they sounded

It's happening (no hedge); "will happen in the U.S. soon"

Categories

Economy

Importance

4 of 5 · Hyperinflation in the US and globally would be a major worldwide economic crisis.

Outcome

Inaccurate

His follow-up said it "will happen in the U.S. soon", so the inferred window is about two years (to October 2023). US inflation peaked at 9.1% a year in June 2022 and then fell to about 3.4% by December 2023, nowhere near hyperinflation (usually taken as about 50% a month).

Evidence:

• https://www.bls.gov/news.release/archives/cpi_07132022.htm
• https://www.bls.gov/opub/ted/2024/consumer-price-index-2023-in-review.htm