MAR
19
2011

Great Historical Overview of Currency Failures and Hyperinflation


embed | tinyurl | flv | youtube Share

Great video presented by Timothy Terrell at the Mises Circle at Furman University: “The Coming Currency Crisis and the Downfall of the Dollar”.  For those who are interested in better understanding fiat currencies and reckless inflation from a history perspective, this video provides a terrific overview.

You’ll also gain a better understanding of  the magnitude of damage and theft inflation perpetrates against a country’s people (and especially against its middle and lower classes who least understand its disruptive effects).

Everyone’s thrilled when Apple’s iPad2 provides a greater bang for the buck for less money than the original.  So why do governments and central banks try and convince people that higher prices are good for everything else?

Share

1 Comment »

RSS feed for comments on this post. TrackBack URL


Please Log in and Leave a Reply!

You must be logged in to post a comment.

48q (0.281s)