Monday, June 18, 2012

 

Hyperinflation


Although I know almost no economics, I believe inflation is solely the result of monetary policy--too much printed money. Every so often the bad monetary policy has horrible real world results. Like in Zimbabwe, once the breadbasket of Southern Africa. Here are two photos that tell a lot of the tale.


Here is a chart of American money supply in the Fed and the Treasury.


Ruh roh.

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# posted by Roger Fraley @ 10:20 AM 2 comments

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