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I'm guessing that a lot of people reading this will have heard of the Weimar republic. They had an economic crisis in the early 1920's that was caused (sorry, this isn't very detailed) by hyperinflation caused by money being printed. So why, in a time like this, are the government going to start printing money! Have they not learnt from past mistakes? Please can someone enlighten me on the reasons behind this decision?
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The Government. . . Where history helps. . .
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#2
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Posted 23 February 2009 - 10:14 PM
Crazy-Fish, on Feb 23 2009, 09:47 PM, said:
Have they not learnt from past mistakes?
Answer: No!
They did at first - Roosevelt sorted it all out in 1933.
But the banks persuaded our stupid governments that those rules Roosevelt brought in were not needed any more.
Result ... oh golly they were needed.
Look up Glass-Steagall Act.
#3
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Posted 25 February 2009 - 08:43 PM
Thanks, it was an interesting article. I'm shocked that bankers and business people can be so self orientated, then again I suppose that that's the real world. . . More more more. . .
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