Hyperinflation – the ultimate nightmare of currency depreciation.
The many parallels between 1924 Germany and present-day United States are
cause for concern. Though the U.S. has not yet reached the depths to which
Germany descended in that era, few can look at the constant depreciation of
the dollar since the early 1970’s and fail to be alarmed. It seems contemporary
America differs from 1924 Germany only in the duration between cause and effect.
While the German experience was compressed over a few short years, the effects
of the American inflation have been more drawn out.
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