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To: Mark Adams who wrote (6078)	7/20/2001 12:13:28 AM
From: Ilaine	Respond to of 74559

I was reading today some commentary written about Germany during the hyperinflation of 1923. The German man-in-the-street had no idea that the mark had lost 98% of its purchasing power - they thought commodities were scarce and that's what drove up prices. (In case you don't know, it was caused by running the printing presses without regard for reserve requirements.) It reminded me of something I read about the inflation that occurred when the kings of France debased the currency to pay for the 100 Years War, that even the people who worked in the mint did not understand what happened when the metal for coinage was mixed with base metal. It's sort of invisible, like the air that we breathe, or the water that fish breathe.