nathan tankus wrote: > 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.
the best thing is to avoid the old Monetarist theory that blames hyperinflation of corrupt, stupid, or incompetent politicians who allow the money supply to increase too quickly. -- Jim Devine / "In science one tries to tell people, in such a way as to be understood by everyone, something that no one ever knew before. But in poetry, it's the exact opposite." -- Paul Dirac. Social science is in the middle.... and usually in a muddle. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
