November 13, 2008
Deflation, My Ass
For those unfamiliar with hyperinflation and the Wiemar Republic, the unending stream of entities lining up to get multi-billion dollar handouts, or the $5 trillion in bad debts our government has signed up to so far in just the past month, here's something to perhaps become familiar with:
1 Rentenmark = 1,000,000,000,000 Papiermark
Learn it. Live it.
Posted by Charles Austin at November 13, 2008 02:45 PM
My maternal grandfather come to this country from Germany in 1923. I used to hear stories of folks going to the store with wads and wads of paper money just to buy bread and milk. I still have some German paper money from that year.
Well this is nice. To bad he wasn't pounding this message hard for the last few years. Maybe then fewer of the electorate would have bought into the Marxist redistribution rhetoric of Hope & Change.