Discussion in 'Economics' started by wilburbear, Apr 26, 2009.
What is this? Should we now all comment on how clever you are?
Obviously, Zimbabwe experienced a classic case of hyperinflation. There's no parallel between the US and Zimbabwe, because we have not, and will not see a case of hyperinflation like that of Zimbabwe. Accelerated inflation is to be expected once velocity and credit make a rebound, but our treasury and fed have shown a willingness to take actions against adverse market conditions. We'll never get to the point where we need to print new, large denonmination currency, the US smarter than that. I do laugh every time I see one of those Z bills, seems like it came from an Austin Powers movie..."One hundred trillion dollars..."
Two people on Capitol Hill just held up Zimbabwe notes - which they carry with them at all times - during the Geithner testimony.
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