pay closer attention
Posted on: September 8, 2022 at 10:10:03 CT
pickle
MU
Posts:
265879
Member For:
25.80 yrs
Level:
User
M.O.B. Votes:
0
“Inflationism, in today’s terms, is deficit-spending, deliberate credit expansion on a national scale, a public policy fallacy of monumental proportions, of creating too much money…”
“But her misery doesn’t stop with the end of the war. On the contrary, the Saint-Germain Treaty in 1919 gives way to a period of hyperinflation: the money supply increases from 12 to 30 billion kronen in 1920, and to about 147 billion kronen at the end of 1921 (does this sound like America 2020, by the way?)