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. [...]
Today we’ll talk about inflation! I’m hoping you’ve read my article on deflation and depression and my primer on currency. If you haven’t read those two posts, go read them and then come back and continue here! In the deflation article we established that deflation is an overall decline in price, or increase in the [...]
If you haven’t read my introduction to currencies you should go read that now. Really, I’ll wait. Now that you’re done, let’s talk about deflation. Most people hear the word deflation and panic because it sounds really darn scary. Actually, deflation is neither good nor bad inherantly. The causes of deflation are the REAL problem. [...]
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 [...]
This is the first example of an economic collapse situation I want to highlight. I’ll do a couple different ones so that you, my faithful reader, will have an idea of some of the potential chaos that can happen. Normally this would be more of a scenario but as it’s a real historic event I [...]
