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sneezy67
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Greece Enters Its Crack-Up Boom - John Rubino - Dollar Collapse

An interesting comment by the jeweler...and the mind set of others in business... Mass mania... Charles MacKay(?)
At what point during hyper-inflation does the whole country become nothing but bartering?
Many books (including yours), articles, videos that cover both the deflation and inflation of it all.
Moscow, Idaho ....probably not a bad place to be.
Dollar Collapse covers a lot of bases......Thanks

Commented 3416 days ago

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Beginning of the headline :The Austrian School of economics has a concept called a "crack-up boom" in which a critical mass of people conclude that their government is actively trying to devalue its currency. Consumers respond by front-running the government, spending their paychecks immediately in order to convert their soon-to-be-less-valuable money into real things. Merchants, not happy about the sudden influx of suspect currency (and sensing the panic of their customers) hold out for ever-higher prices, caus... Read More

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