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by betwixthewires
1753 days ago
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I want to ask you the same question, are you joking? Your citation is a video of a guy making claims with 0 citations himself. Hyperinflation can be caused by printing of money, and in fact in the example video the case of Zimbabwe was cited as caused by a collapse in food production but was actually caused almost exclusively by the printing of money. You should read into the details of the Zimbabwe hyperinflation case for a good laugh at how ridiculous it was. The only way that could've happened for any other reason would be a complete disappearance of all domestic commerce and industry overnight. As far as Weimar goes, the logic behind how he explains it holds no water. External debt in gold caused hyperinflation in a free floating currency? This doesn't stand to even the least bit of scrutiny. "Don't owe in any currency other than your own" is sound advice for some reasons but not to prevent hyperinflation. If you could draw me a picture of how the Deutchmark under the Weimar republic inflated away not as a consequence of debasing the currency I'd like to see it. They debased to pay debt, but the hyperinflation was caused by the debasing. As far as Venezuela goes I'm not too familiar with the details but I will say I'm usually skeptical of arguments that amount to a finger pointing at America. |
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