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  1. Hyperinflation can only occur in a currency collapse.

  2. Whether the Reichsmark was undervalued or not is a philosophical question - there was no exchange rate at which Weimar Germany could have achieved structurally balanced current accounts, given the Versailles reparations.

- Jake

Friends come and go. Enemies accumulate.
by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Jun 3rd, 2011 at 07:03:07 AM EST
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