Discussions
Horrors Of Hyperinflation
Posted by marktmarket • 2/27/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: bailout, financial crisis, glenn beck, hockey stick, hyperinflation, Zimbabwe
Watch Zimbabwe citizens panning for gold, in a country where inflation is 516 quintillion percent:
thecriticalthinker.wordpress.com/2009/02/17/zimbabwe-hyperinflation/
Glenn Beck recently made a hockey stick presentation of hyperinflation caused by financial bailouts:
thecriticalthinker.wordpress.com/2009/01/31/hockeystick-inflation/
Are we going to all be Zimbabwe eventually?
User Comments
-
The US should bear the brunt of monetary inflation, given they have overindulged in debt, especially the consumer. (This hasn't been the case of the European consumer.) There are also trillions of dollars overseas which will come home to roost in the form of a tsunami. Countries rich in natural resources, like Canada or Australia, will suffer the least. Further, with thier current account surpluses, Aisan countries have greater leeway to absorb monetary inflation. -
I find the deadly combination of inflation and bailout really depressing--and the moral hazards that make these crises recurring even more so.
In Zimbabwe, their government simply abandoned all sense of economic control and simply printed more money whenever they needed it (first to pay off their national debts and next to finance their military). It's so absurd but it's real. -
Of course, Zimbabwe could not export its monetary inflation.
Add Your Comment
Login to leave a message.
