Hyperinflation is real - prices increasing at least 40% per month. Our recent bout of inflation isn't anywhere in the ballpark. What we're dealing with isn't hyperinflation. It's hyped inflation. But inflation expectations can become self-fulfilling prophecies.

We explore why a coin flipping monkey is preferable to inflation forecasters, complex adaptive systems, and how inflation expectations can become reality. Will Bitcoin ever challenge displace traditional fiat money? We debate the merits and look to history as a guide.

Check out this week's letter for the full story. Follow @FatTailThoughts on Twitter and your co-hosts @KleeBeard and @StevenDickens3 for more content.