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Or Zimbabwe or Argentina even ... but I think these extremes are absurd. They are blunders. What we are talking about here is why EU isn’t taking prudent steps
by rusk 7y ago
Or Zimbabwe or Argentina even ... but I think these extremes are absurd. They are blunders. What we are talking about here is why EU isn’t taking prudent steps to provoke growth, and that’s all down to keeping certain dominant nationa happy.
- conanbatt 7y ago* Cries in pesos
- econcon 7y agoThe reason they managed to create hyperinflation is because when you print more currency, inflation doesn't immediately change in reaction. So they ended up printing more and more till, it all corrected at once and hyperinflation was already here before they could roll back their currency printing machines. They took a practical approach to managing inflation yet paying off debt obligations with more currency but didn't realize it all could backfire - they didn't do something as stupid as others will have you believe.