A MUST READ. The degree to which the general population is ignorant, yes, ignorant about what money is and how it relates to inflation, deflation and hyper-inflation is staggering. Do you ever really wonder why it is that money loses value over time? The time value of money is a human construct, nothing more. And the humans who created this system and passed it on to their heirs, who defend it come hell or high water, do not have the common good in mind. If they did, the Bible would not have been written to keep them in check.
The idea of living through a hyper-inflation scares the bejezzus out of me but is at the same time exhilarating. There are many opportunities to be had when an economic order collapses as the Strong are cut down to size and the Meek allowed to flourish.
Dying of Money: Lessons of the Great German and American Inflations
Contents
Foreword
Prologue: The German Inflation of 1914-1923
1: The Ascent
2: The Descent
3: The Gains and Losses
4: The Roots
5: The Great Prosperity of 1920-1921
6: Politics
7: The Lessons
Act One: The Rise of the Great American Inflation
8: The War
9: Grappling with Stability
10: The Great Prosperity of 1962-1968
11: The Inflationary Syndrome
12: Culprits and Scapegoats
13: The Open Questions
Interlude: The General Theory of Inflation
14: Welcome to Economic Theory
15: Prices
16: Inflation
17: Velocity
18: Aggregate Values
19: Real Values
20: Government Debt
21: The Record Interpreted
22: Money
23: The Creation of Money
24: Depression
25: The Economics of Keynes
26: Inflationary Economics
27: Interest and the Money Wealth
28: The Economics of Disaster
29: The Crux
30: Taxes
31: American Taxes
32: Government Expenditure: The National Dividend
33: Employment
34: Investment and Growth
35: Dogma
The Last Acts: The American Prognosis
36: Act Two, Scene One: President Nixon Begins
37: Act Two, Scene Two: Price Controls and Other Follies
38: The Way Out
39: The Way Ahead
40: Democratics
41: Political Reorganization
42: Self Defense
43: Self Defense Continued: The Stock Market
44: A World of Nations
45: Interscript