Hyperinflation Could Send Oil Prices Above $180

Hyperinflation Could Send Oil Prices Above $180
(AP Photo/Richard Drew)

Last year, shortly after the World Health Organization (WHO) declared Covid-19 a global pandemic, governments everywhere unveiled massive monetary and fiscal stimuli (over $15T globally) in a bid to forestall the economic fallout of the pandemic. The U.S. federal government stepped in with a broad array of measures, pumping about $4 trillion into the economy; sending cash directly to households, boosting unemployment benefits, and creating several new grant and loan programs for businesses.

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