This is a great read that clearly details the practical effect on peoples lives, spoiler alert it’s not good. You need to move early and be resilient/self sufficient to survive.
Hi Priya thanks for sharing the article it was a good read. Interesting that in Paarlbergs book only one of the 15 inflation cases he presented was natural (the plague which reduced worker supply) the other 14 were man made. While i concede not every modern ‘price inflation’ is caused by inflation of the money supply they are more often caused by man than nature. Thanks government and central banks.
Just finished a really interesting read, ‘An analysis and history of Inflation’ by Don Paarlberg. It covers 15 historical inflations over time and under various political and economic regimes. Pretty easy reading. It has a good summary and an interesting discussion of possible ways to limit the effects. It was written in 1993 so our favorite solution is not included but its an interesting thought experiment to pit it against the ones offered. Note to self, don’t hold government bonds.
Thanks appreciate your thoughts
Thanks for the article some good food for thought.
Whats your logic with this prediction?
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