Tuesday, February 07, 2012

Economic lessons from the Past



It might behoove us to remember what occurred in Germany and Austria between the World wars. Things got a bit out of control. Loose monetary policy to blame? Maybe. Too much QE before it was called that? Perhaps. Fear and greed on the part of the general public? Yes. Excessive speculation in the markets? Some. "When Money Dies"describes the political decisions that were made that affected the value of the German Mark and the dangers that can arise when the government turns on the printing presses and doesn't know when to stop making artificial currency. Here's a link to the PDF.
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CDkQFjAA&url=http%3A%2F%2Fwww.goldonomic.com%2FWhen%2520Money%2520Dies.pdf&ei=q8kxT4O8NYjaiQKZ-ci4Cg&usg=AFQjCNGA_VzSUVSJNjKhO4eLs3tJbKFbSg
Or buy the book on Amazon.

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