Monday, February 14, 2011
Inflation, Hyperinflation and Real Estate (or, The Lessons of The Great Hernán P.)
Inflation, Hyperinflation and Real Estate (or, The Lessons of The Great Hernán P.): "“Hyperinflation accompanied by a housing collapse is simply impossible—by definition.”—None-too-clever financial blogger.Most people in the advanced economies—including most economists—really don’t have any idea what inflation and hyperinflation is. They don’t have a clue because they haven’t lived through it, or were children when it happened in the States and in Europe during the Seventies."