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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GST who wrote (98803)1/3/2008 7:43:41 AM
From: TommasoRead Replies (2) of 306849
 
I remember years ago reading somewhere that inflation was "a process in which all branches of the government cooperate."

Hemingway (not exactly known as an economist) said something like: "When governments get into trouble they cause inflation. When they are still in trouble they start wars."

No-- here it is (hooray again for Google):

ERNEST HEMINGWAY
"The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities."
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