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Can Hyperinflation be Avoided?

9/27/2020

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The over-riding sense I have from reading When Money Dies – The Nightmare of the Weimar Collapse is how similar the time was to our own: money printing that cannot be stopped and official blindness that money printing is the cause of the problem.  The main difference is that this time the monetary inflation is global with the Reserve Bank joining in by printing $1 billion of new money a day.
 
In Germany the result was the utter destruction of the economy, society and morality as the money became worthless. 
 
Another key take-away for me was the "miraculous" ability for hyperinflation to stop as soon as people are provided with money they believe is stable (23rd November 1923).  I created RedPill money as an insurance policy for this very reason. However, as Alistair Macleod points out in a recent post, the stabilisation with the new rentermark came only AFTER people had given up on the old mark because it had become worthless.
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    I live in Christchurch. I love NZ and it is time to give something back. I have three grown up children.  My wife is a GP.  I enjoy trail running, tramping and gardening.  You can see  what I do for a living here.

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