Discover and read the best of Twitter Threads about #hyperinflation

Most recents (5)

Today @Lagarde takes over at the ECB. Amongst her challenges: dealing with a German public deeply sceptical of ECB policies. In a new paper @LHaffert, @tobirommel and I study the historic roots of this scepticism. Spoiler: it's a misunderstanding. tinyurl.com/y5zex367 (1/n)
To explain German skepticism, commentators often point to the collective memory of the #Hyperinflation in the early 1920s. But why is this still such a strong reference point? We find that many Germans merge it with the Great Depression – a totally different crisis (2/n)
A majority thinks that the hyperinflation and the Great Depression were one and the same crisis. Reminding them of hyperinflation thus triggers images of mass unemployment – and vice versa. (3/n)
Read 12 tweets
1) Why do I keep posting this stuff? 1 word #inflation this is how your hard earned money is losing value every day.
Think of supply vs demand vs value if you increase supplies what does it do to the current supply? It diminishes it's value.

cointelegraph.com/news/the-fed-j…
2) If you have seen #Venezeula with paper in the streets that's worthless you would understand the perils of printing money so would you in #Zimbabwe, #Turkey, #Argentina and #Brazil @RonPaul
3) Printing money is killing off the inherent value of the current supply. So you work hard but tomorrow and the next day your dollar will be worth less and less. Why you should care is a better question then why you shouldn't and why many disregard talking about this @loomdart
Read 8 tweets
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
J.T.Salerno
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
J.T.Salerno
Read 118 tweets
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets
"people in #Germany at the time they were not all evil people; they were a people who believed in the #government, and that was the crucial mistake..the ideology is not the core trigger, is not the reason why people were behind those views; it's the #propaganda. It's not that ..
.. everyone was racist, it's not that everyone was evil; it's the fact that the government was so adamant about spreading those views that everyone just got behind them (without questioning them), and it's the same with #socialism that came afterwards [well, international
..
.. #socialism (and in particular, the institution of #concentrationcamps) came BEFORE National Socialism, not only afterwards; to wit, institutionalized socialism (within modern history) started with Soviet Union, from 1922 onwards, 11 years before Hitler came to power.
..
Read 15 tweets

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