When Inflation Wipes out a Country's Currency...

where is that passage from?

 

It's Ludwig von mises...he is an Austrian school economist..

 

https://www.investopedia.com/terms/c/crackup-boom.asp

 

Just imagine if it returns into 1:1 against dollar.

 

The Only Way Out Is Either Hyperinflation Or Defaulting To The Fed
https://seekingalpha.com/article/4355761-only-way-out-is-either-hyperinflation-defaulting-to-fed
Party On Wayne!

 

Or war. They don't have to pay you if you are dead.

 

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He has some good points\ but life is seldom so simple as to offer only good 2 choices,

 

Saw a story where the DM:USD exchange rate was 4.2T DM. That's DM 4,200,000,000,000:1 USD. Now THAT'S inflation!!

 

Of course that article is almost entirely wrong. But you wouldn't understand.

 

Heck, I'm as open to correction as anybody else lol.
Fire away.
The response above referring to war is valid imho.
"When all else fails, they take you to war."
War is also an excellent distraction from crimes, corruption and incompetence.

So, sure, I'm open to hear what you have to add to the stew, lol.