"yes, that's my political theory of hyperinflation. (sorry about missing your comment, Nathan. There's too much on pen-l nowadays.)"
No worries! It's a message board, not the bible. I think some cases it's a political issue of taxation ability (or unwillingness to tax in money see medieval China and the fledgling soviet union), other cases it's a balance of payments crisis caused by foreign denominated debt (or debt denominated in a physical asset or commodity). I find the just deficit spending story plausible at all. -- -Nathan Tankus ----------------------------------------------------------------------------------------------------------------------------------------------- _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
