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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (20073)10/17/2004 2:06:34 PM
From: XBrit   of 110194
 
Thank you, that's a very clear description. Love those Austrians.

In the case of the Continental Currency and the Weimar Germany inflations, do you happen to know what precipitated the death-spiral? If I read the descriptions right, it was a conscious government decision to print money and inflate away government debt. If so, is that really happening today? I don't think it is yet, but I see the temptation could be there, say in 5 years or so when the Federal debts have become worse.

Also I wonder if the course of past events may not be followed in our future, i.e. I wonder if the govt would actually be able to get such a bonfire started. The mitigating deflationary effect of free global trade (China) may, IMO, be big enough to put out the fire before it really gets started.
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