Hyperinflation is that transition period when a paper money is clearly failing as a store of value but has not yet died as a medium of exchange. This blog is to look at this and any other interesting economic issues. Vincent Cate
Thursday, November 18, 2010
The Bubble that Broke the World
I highly recommend that people read the book, "The Bubble that Broke the World". It was written in 1931 and published in 1933. It is available online for free as a PDF. There are many similarities between the bubbles, excessive debt, and international bailouts back then and today. It is a good book and helps in understanding what is going on today.
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Thx for the link!
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