I know this is a hot topic because I’ve gotten several emails and a few Twitter messages about ways to guard against the continually eroding dollar. The thought of ending up with paper money worth no more than the paper that it’s printed on is a bit scary to say the least. As you know [...]
I wrote last week about the historical economic collapse of the Weimar Republic due to hyperinflation. Today I want to write about another collapse that is more recent but also very different in root cause. The core of the collapse remains hyperinflation, but in the case if Zimbabwe the causes of hyperinflation are drastically different. [...]
It occurred to me that before I dissect any other economic collapses from the history books I should probably explain some of the basics of currencies and the two types of inflation: Hyperinflation and Deflation. If you already know all of this, feel free to heckle from the back row! On to Currency! What is [...]
