gdb
the way folks talk about hyperinflation it all sounds so easy
most folks havent studied it in detail
Wiemar Germany was caused by the government printing money to pay for its own debts which were denominated in gold and internal costs eg soldiers, factory workers etc....... there is zero similarity between Wiemar and 2009....
Zimbabwe was caused by the government using their own notes which were printed to buy foreign currency to pay foreign currency debts
Argentina was the same using local currency to buy foreign currency to pay debts
Yet folk with zero monetary theory background figure the formula to be money printing equals hyperinflation
some folks give a good portion of their life to study one of the more complex topics of economics....yet folk are experts because they have the formula
No printing money doesnt lead to hyperinflation, yes it could, but tits a matter of scale, in a debt deflation environment like today the whole world would have to print about x15-20 times more just cover whats being destroyed
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- 680 i don't think so
680 i don't think so, page-17
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