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There Will Be Hyper(Inflation)

Audio Mises Daily

Tags Booms and BustsThe FedMoney and BanksCapital and Interest TheoryMoney and Banking

04/02/2009Thorsten Polleit

The German hyperinflation was the result of a policy that considered the financing of government debt by an accelerating increase in the money stock as the politically least unfavorable method. It seems that the state of opinion hasn't actually changed much. Today, there is great public support when it comes to expanding the base-money stock for financing ailing banks, insurance companies and, most important, rising government debt, writes Thorsten Polleit.

This audio Mises Daily is narrated by Floy Lilley.

Author:

Thorsten Polleit

Dr. Thorsten Polleit is Chief Economist of Degussa and Honorary Professor at the University of Bayreuth. He also acts as an investment advisor.

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