-
Can a fiat currency fail in other ways besides inflation of it's money/credit supply ?
-
I have heard it said that hoarding was a cause of the Great Depression of 1929: In a normal economy, Keynes said, there is a circular flow of money. My spending becomes part of your earnings, and your spending becomes part of my earnings. For various reasons, however, this circular flow can falter. People start hoarding money when times become tough;
-
Mr. Kuttner (from the Good diagnosis, but quack medicine blog post) makes the following observation: "We all know the history. The regulatory reforms of the New Deal saved capitalism from its own self-cannibalizing instincts, and a reliable, transparent and regulated financial economy went on to anchor an unprecedented boom in the real economy
-
Is it really possibly that the dollar could lose so much value as to become nearly worthless? Does that mean we would have inflation as they did in Basil? What could people do to protect themselves from high inflation?