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Politics : Illyia's Heart on SI -- Ignore unavailable to you. Want to Upgrade?


To: siempre33 who wrote (6032)5/25/2009 2:57:47 PM
From: LLCF  Respond to of 7567
 
Interesting, but:

<<What actually drove the wartime inflation into hyperinflation, said Schacht, was speculation by foreign investors, who would bet on the mark's decreasing value by selling it short. >>

Yawn.... in the more modern case (the US) speculators to short sell arent needed, since "investors" already own the $US. In fact one could argue that there is not other outcome at this point.

dAK



To: siempre33 who wrote (6032)5/25/2009 3:16:57 PM
From: koan  Respond to of 7567
 
Great article onepath.