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?
Tags: argentina, austrian economics, bailouts, bolivia, boom bust, brazil, business cycles, currency crisis, currency failures, deflation, federal reserve, fiat currency, forex, germany, gold, greece, hungary, hyperinflation, inflation, ipad2, mises, price controls, price level, russia, shortages, silver, stimulus, timothy terrell, ukraine, weimar republic, yugoslavia, zimbabwe
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It EA did not performance as it was claimed. It blew up my accounts and still did not get my money back.