Inflation set in. The only cause of inflation is the expansion of the supply of money. Inflation and deflation follow the fluctuation of the amount of money in circulation in relation to the amount of goods available. This fluctuation is controlled in the United States by people not accountable to the voters. It is done by artificially increasing its supply.
Deflation is another word for shrinking of the money supply.
It can cause even greater hardship, such as was common during the Depression. Hyperinflation is runaway inflation. Of that we are in very real danger within the next few years, according to Harry Figgie, Jr., a co-chairman of the Grace Commission. In such case your bonds, CDs, and insurance won't be worth the paper they are written on. By quick foreclosure, in defiance of law enacted by Congress to help the farmer, bankers are parting small farmers from the lands that have been in families for generations.