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Unfortunately he only borrows bits and pieces from Brown and then uses them in a rather creative and misleading way. For instance, speculation is often involved in asset inflation, be it stocks or real estate, but not so much in monetary inflation, especially hyperinflation. And the proximate cause of German hyperinflation was the seizure of the Rhur by France, which destroyed the ability of Germany to make anything which their currency could buy, coupled with unsupportable demands for reparations payments in hard currency.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Mar 22nd, 2013 at 12:46:13 PM EST
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