A Short History of Inflation
Mr. Grove is a Chief Warrant Officer with the Adjutant General Division,
Government officials of post-World War I Germany deliberately embarked upon a policy of monetary inflation as a means (they thought) of solving the country’s economic difficulties. They assumed that inflation could be controlled and that "a little inflation" would stimulate business and make for a healthy economy.
The inevitable results of such criminal tinkering with a nation’s economy are starkly revealed in these figures from a German history book (Um Volksstaat and Völkergemeinschaft published by Ernst Klett, Stuttgart, 1961, page 149):
|
1914 |
1918 1922 |
1923 |
|||
|
Summer |
November |
||||
|
Potatoes (pound) |
0.04 |
0.12 |
80 |
2,000 |
50,000,000,000 |
|
Egg (one) |
0.08 |
0.25 |
180 |
5,000 |
80,000,000,000 |
|
Beer (glass) |
0.13 |
0.17 |
60 |
3,000 |
150,000,000,000 |
|
Meat (pound) |
0.9 |
2 |
1,200 |
90,000 |
3,200,000,000,000 |
|
Butter (pound) |
1.4 |
3 |
2,400 |
150,000 |
6,000,000,000,000 |
Out of the economic chaos thus created came Hitler, World War II, and the omnipotent governments threatening our world today. The current crisis in
