When money dies - page 3. | Bitcointalksearch.org

evok3d

sr. member

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The Protocol for the Audience Economy

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"In a few years time, most of the world will be as sick of managed paper currencies as it was twelve years ago. The main trouble will be that popular ignorance and lethargy, coupled with selfish special interests, forces politics into the management of economics and the management of economics into politics. Politically speaking, the world is yet far from being ready for managed paper currency standards."

Great article, thank you for sharing

segvec

full member

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The cheddar breed jealousy

Quote from: Elwar on November 01, 2014, 02:23:06 PM

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In 1914 there was a minor increase in the wholesale price index. That index, with a base of one in 1913, had increased to 2.45 by the end of 1918. Beginning in 1919, the speed of the inflation increased, advancing to 12. 6 in January 1920; 14.4 in January 1921 and 36. 7 in January 1922. By the second half of 1922, that index stood at 101 in July; it was 74,787 in July 1923 and 750 billion on 15 November 1923.

A good read:
http://mises.org/daily/6945/When-Money-Dies-Germany-and-Paper-Money-After-1910

Thanks for sharing.
I have been loving your posts lately.

Impressive.

Elwar

legendary

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Merit: 2386

Viva Ut Vivas

Quote

In 1914 there was a minor increase in the wholesale price index. That index, with a base of one in 1913, had increased to 2.45 by the end of 1918. Beginning in 1919, the speed of the inflation increased, advancing to 12. 6 in January 1920; 14.4 in January 1921 and 36. 7 in January 1922. By the second half of 1922, that index stood at 101 in July; it was 74,787 in July 1923 and 750 billion on 15 November 1923.

A good read:
http://mises.org/daily/6945/When-Money-Dies-Germany-and-Paper-Money-After-1910

Topic: When money dies - page 3. (Read 4868 times)