The Liquidation of Government Debt | The Lyn Alden Series | Episode 1 (WiM187)
The "What is Money?" Show
00:00
A Brief History of Inflation in the United States
During the 19 forties, the united states di something very similar to what japan's doing to dayanthand of course, the paper covers this period of financial pressure in the i m f paper. And basy, what we did was, you know, we're fighting woldwer too. A, inflations obviously running quite hot, because we're expending a money supply by 20, 30 % a year. Ah, commodity prices are soaring, because every country needs every commodity they can get in order to wage total war. The reason governments turn to that is because at that point, if they ever default on their nominal government bonds, you are to get a casc
Play episode from 22:27
Transcript
