New Entries In The History Of Hyperinflation – OpEd |
By Mark Thorton
I know that hyperinflation of the US dollar seems like a remote possibility, but alerting yourself to the possibility of a phenomena can improve your understanding of the phenomena and related issues, allow you to make cautionary considerations, and permit yourself to be psychologically toughened to the entire class of remote, but dangerous, events. During the actual occurrence of such phenomena fear and paralysis can occur. Therefore, prior rational thought, learning, and action can help displace such paralysis and make you better prepared to act in the real world.
At Minor Issues I have examined such things as the possibility of bull markets in monetary metals and commodities, black swans in the stock market, skyscraper curses, the reversal in the long run trend in interest rates, and of seemingly unlikely hyperinflation of the US dollar. Such events are not considered or are only considered minor issues in the mainstream media. I place a great deal of importance on such issues for their real-world educational value.
I link to the previous episode on hyperinflation from September of last year. I also link to the episode on the gold silver ratio from May of last year.
For this week’s episode, I would like to alert you to a new paper by Professor Steve Hanke, “On Hyperinflation: New Evidence from Zambia, the Central African Franc Zone, and Belarus” by Steve H. Hanke and Nicole Saade. Professor Hanke is Distinguished Senior........