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Are we going to continue to see the inflation going forward, or is it transitory?
Are we in an overvalued stock market?
What should we do about these things?
He then launched into some history to give a deeper understanding of the situation regarding inflation. Going back to Germany in 1923, we see Germany’s Papiermark, their currency at the time, becoming entirely worthless. In Hungary, in 1946, just after World War II, the government began recklessly printing money which was coupled with a great deal of borrowing. This led to prices doubling as fast as every 15 hours in the local currency. In 1994, after the dissolution of the Soviet Union, the same thing happened in Yugoslavia. The 1990s saw Zimbabwe making some poor decisions which led to hyperinflation. By 2008, the government ran out of paper to print money with, and prices doubled every 24 hours. This is a sto