Wednesday, January 28, 2009

Who Said The Glass Is Half Empty?

I was looking at some quick figures of German Inflation of the 1920's. It goes like this.


the German Mark vs the dollar in 1921------------- -37% (that's minus 37%)
I take that to mean three dollars to buy one Mark


1922------------ 6922% inflation of the Mark


Nov 1923------------ 381,700,000,000% WHAT!!!!!!!!!!!!!





Inflation was so bad that workers demanded to be paid twice each day with a half hour to run out and buy bread. Eventually shopkeepers couldn't change the price of their goods fast enough.
Uh -----you know that seven trillion dollar stim-yours- and us package


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