Sunday, November 17, 2013

Lessons from the Great German Inflation

Richard Ebeling emails:

Dear Bob,
I have a new opinion article on the news and commentary website, "Epictimes," on "Lessons from the Great German Inflation."
This month marks the 90th anniversary of the end of the Great German Inflation and the virtual collapse of the German currency, the Mark, in November 1923.
In the face of those policy makers now proposing more price inflation as "cure" for what ails the economies of the world, I explain how easily inflation can get out of control and how it finally destroyed the German economy and tore apart the fabric of German society. 
We should think twice before we continue further down a dangerous road that the monetary central planners are proposing to take us.

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