With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.
“Back then, my idol was Bugs Bunny, because I saw a cartoon of him playing ball - you know, the one where he plays every position himself with nobody else on the field but him? Now that I think of it, Bugs is still my idol. You have to love a ballplayer like that.”