Someone tried to tell me that the hyperinflation of the Weimar Republic (Germany between WWI and WWII) is a powerful argument for fiat currency and central banking.
(what actually happened; the central bank of Germany ran the printing presses red hot and moved the decimal points producing fiat money so fast you could trade a wheelbarrow full of the stuff for a loaf of bread...not exactly a decent argument for either fiat money or central banking)
Happy birthday, Dad - My dad would have celebrated his 80th birthday today. I wrote a version of the following a few years back and I'm reposting it here today, with just a few ...
10 hours ago