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I am not so sure predicting when a fiat currency will be inflated is tricky. The money supply and interest rates being econ 101. And thinking of hyper inflati
by forgottenpswrd 18y ago
I am not so sure predicting when a fiat currency will be inflated is tricky.
The money supply and interest rates being econ 101.
And thinking of hyper inflation, where does that usually happen?
Zimbabwe, Yugoslavia, the Weimar Republic - if a bad government wants to screw you, a gold backed currency won't save you.
Does anyone think someone like Mugabe wouldn't just change the rules to do what ever he wants?
Besides, even that Money as Debt movie explains that gold is easily manipulated and thus volatile, so not good as a currency.
- jacoblyles 18y agoBillions of dollars are won and lost on Wall Street everytime the Fed meets. If it were as easy as you say to predict the actions of the central bank, this would not be the case.
- forgottenpswrd 18y agoHow many times to the daily fluctuations of wall street affect the rate of inflation or an average person's life? I believe there's been at least one major stock market crash that has not led to a recession.