Cliff Küle's Notes:

Cliff Küle's Notes Your daily CONSOLIDATOR of the most insightful WEB presentations on the subject of MONEY .. The Ultimate Confidence Game .. How our Monetary System works for the benefit of some .. at the expense of others.

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(Untitled) Sep 1st 2013, 01:02, by noreply@blogger.com (Cliff Küle) What Syria Teaches  Us About Hyperinflation The Atlantic essay looks at the hyperinflation levels in Syria .. prices going parabolic in a war . .290% inflation certainly qualifies .. the government is printing money to pay its bills .. the essay emphasizes the political & war factors in setting off hyperinflation .. "It's a depressing reminder that Milton Friedman didn't get it quite right. Inflation is always and everywhere a monetary phenomenon. But hyperinflation is actually always and everywhere a political phenomenon. But hyperinflation is different. It's not about governments printing too much money to avoid hard choices. It's about governments printing way too much money because it's their only choice. It's something that more enlightened central banking can't fix, because it's not about central banking. It's about politics, and society, breaking down." LINK HERE to the essay

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