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The Water Cooler
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<blockquote data-quote="chadh2o" data-source="post: 3568366" data-attributes="member: 40131"><p>What is "money" worth if it costs nothing? Today, a few clicks on a keyboard and J Powell can create Trillions of $. Cost? Miss Buttercup's fat salary and the electricity to make the computer turn on. Bumpkiss.</p><p>Read <strong>When Money Dies</strong></p><p>"Adam Fergusson's seminal history of Weimar-era hyperinflation in Germany, <a href="https://mises.org/library/when-money-dies" target="_blank"><em>When Money Dies</em></a>. Americans accustomed to the dollar's king status have no idea how quickly and brutally a currency can lose value, especially when war finance distorts the entire structure of a nation's economy.</p><p></p><p>What follows is sobering: hunger, violence, crime, and degradation. This fascinating book makes for a great study of how and why inflation rises quickly, and provides a cautionary tale for central banks and fiscal policy makers today."</p><p>PDF version </p><p><a href="https://mises.org/library/when-money-dies" target="_blank">https://mises.org/library/when-money-dies</a></p></blockquote><p></p>
[QUOTE="chadh2o, post: 3568366, member: 40131"] What is "money" worth if it costs nothing? Today, a few clicks on a keyboard and J Powell can create Trillions of $. Cost? Miss Buttercup's fat salary and the electricity to make the computer turn on. Bumpkiss. Read [B]When Money Dies[/B] "Adam Fergusson's seminal history of Weimar-era hyperinflation in Germany, [URL='https://mises.org/library/when-money-dies'][I]When Money Dies[/I][/URL]. Americans accustomed to the dollar's king status have no idea how quickly and brutally a currency can lose value, especially when war finance distorts the entire structure of a nation's economy. What follows is sobering: hunger, violence, crime, and degradation. This fascinating book makes for a great study of how and why inflation rises quickly, and provides a cautionary tale for central banks and fiscal policy makers today." PDF version [URL]https://mises.org/library/when-money-dies[/URL] [/QUOTE]
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