Thursday, August 20, 2009
Hyperinflation Won’t Be Like Germany’s
I thought I’d overdosed on the inflation vs. deflation debate, but that was before I started reading Adam Fergusson’s When Money Dies: The Nightmare of the Weimar Collapse. Fascinating stuff. Anyone who thinks it couldn’t happen here is right in one respect: It won’t take ten years to play out in the U.S., as it did in Germany. Far from it. My guess is that our own hyperinflation nightmare – and we will have one once deflation has had its way with all who borrowed more than they could pay back -- will be over within ten days of the initial panic. Then it will be back to deflation for another 20-30 years...
Goldseek: Hyperinflation Won’t Be Like Germany’s
Goldseek: Hyperinflation Won’t Be Like Germany’s
Permalink posted by markw @ 4:35 AM 
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