Max Can't Help It!
1 min readJun 27, 2021

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I enjoyed this piece. I only wish inflation were as simple. There are many kinds of inflation so one should be careful in pointing to one or the other.

For example, German hyper-inflation was caused by World War I reparations (debt) which the French were hardasses about (The U.S. wanted to forgive some of it). Not having enough gold to grow the economy AND pay France (and others) Germany started inflating its currency. The same is happening somewhat in Venezuela today.

Nations fight each other with their currencies, credit and debt. A very complex subject. In short, I wouldn't use inflation in Germany. As for inflation in the 30s, as someone commented below, it wasn't a big issue.

We had inflation in the 70s, but that was an oil shock. Was it bad? The U.S. went on an economic tear unimaginable at the time.

I could write on and on about that. I'll leave it with this question. If the government prints $1,000 and gives it to you and you end up paying it back through higher prices or taxes, aren't you just back to where you started from?

I'm certainly with in that people SHOULD be worried! Every action has an equal and opposite reaction. There is a case that all the money printing will also bring on a new golden age. Who knows?

Again, I encourage you to read more economics. Super fascinating stuff!!! Until then, yes, don't trust Medium is going to pay what you once expected, one way or another.

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Max Can't Help It!
Max Can't Help It!

Written by Max Can't Help It!

Trying to connect what hasn't been connected.

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