Sunday, March 1, 2015

War and inflation

germany after WWI experienced mega-inflation due to its war expenses, ie gov't simply started printing money to pay for the army.
does that remind you of anything happening now? that's exactly what happened in russia - russia printed money to compensate for what was stolen during olympics + ukraine war.
it's simply AMAZING that US has not experienced inflation even though it has wasted trillions in Iraq ...

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