Reply To: Austrians Wrong About Hyperinflation?


Regarding Tom Woods’ and Gary North’s position that since hyperinflation is bad for banks, the Fed won’t let it happen…. Has this held true for other nations that have hyperinflated (was German hyperinflation caused by their central bank or had the currency been under the control of their Parliament?, etc)

Related to that – I assume the only alternative to hyperinflation is a sudden cessation of payments and services from the government when the Fed quits lending them money? … in which case I could see government react or prevent this by nationalizing the banks and issuing the currency themselves –> hyperinflation. How am I doing?