Comment on Where Is Germany's Gold?parentComments−xrange11ygovernment's ability to simply print money and create out of control inflation, which has actually happened many times....I suppose that it doesn't even have to be out-of-control for it to have a fairly dramatic effect...http://observationsandnotes.blogspot.com/2011/04/100-year-de...−maratd11ySee that wonderful spike upward in the chart you're quoting? That would be the Great Depression.I assure you, inflation is the lesser of two evils. Deflation is much, much worse.
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...I suppose that it doesn't even have to be out-of-control for it to have a fairly dramatic effect...
http://observationsandnotes.blogspot.com/2011/04/100-year-de...
See that wonderful spike upward in the chart you're quoting? That would be the Great Depression.
I assure you, inflation is the lesser of two evils. Deflation is much, much worse.