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I'm sorry but I can only answer that by saying that it's complete nonsense. It's not even wrong because all its assumptions are historically incorrect.
by cedilla 5y ago
I'm sorry but I can only answer that by saying that it's complete nonsense. It's not even wrong because all its assumptions are historically incorrect.
- vintermann 5y agoI think you should explain what historical assumptions are wrong then? because I have been looking for counterexamples for a while. Can you give me an instance of hyper (say, > 100% monthly) inflation where the government wasn't desperately paying off foreign creditors, or were otherwise desperate to ship value abroad?