Hyperinflation, Money Demand, and the Crack-up Boom
Is our economy on the verge of hyperinflation? Mises and Rothbard saw that government-controlled fiat money can endure inflation without destroying the money. That is, unless people believe the central bank will expand the money supply at ever-greater rates.
At this point, the crack-up boom will unfold, and the fiat money is doomed to be worthless scraps.
Join the Mises Circle as we discuss Thorsten Polleit’s “Hyperinflation, Money Demand, and the Crack-up Boom” for a look at how money can be destroyed overnight.
Prior to discussion, Pierre will offer a short presentation on the topic.
Link: http://mises.org/daily/4016
When: Monday, November 26th at 7PM
Where: Waggener 308
