When I was quite young I was an avid stamp collector. One of my favourite series of stamps were from the German Weimar Republic of the early 1930s. A glaring example of hyper inflation was a 10 mark stamp overstamped with 1 million marks. Imagine paying 1 million marks to mail a letter. There are newsreel events from the same period of people going to buy bread pushing a wheelbarrow full of bank notes in order to buy a loaf a bread. This was one of the reasons that Hitler was able to gain power in Germany and it’s one of the reasons that make me concerned that the fall of the current Iranian regime may simply usher in an even more reactionary regime. We should be treading very carefully.
The cause of Weimar inflation was excess reparations payment rate. The cause of Iranian inflation is diversion of wealth to fund Shia militias and massive theft. Vast quantities of Russian gold used to pay for weapons disappeared. What is critical is for the refinery towers to survive the war.
When I was quite young I was an avid stamp collector. One of my favourite series of stamps were from the German Weimar Republic of the early 1930s. A glaring example of hyper inflation was a 10 mark stamp overstamped with 1 million marks. Imagine paying 1 million marks to mail a letter. There are newsreel events from the same period of people going to buy bread pushing a wheelbarrow full of bank notes in order to buy a loaf a bread. This was one of the reasons that Hitler was able to gain power in Germany and it’s one of the reasons that make me concerned that the fall of the current Iranian regime may simply usher in an even more reactionary regime. We should be treading very carefully.
The cause of Weimar inflation was excess reparations payment rate. The cause of Iranian inflation is diversion of wealth to fund Shia militias and massive theft. Vast quantities of Russian gold used to pay for weapons disappeared. What is critical is for the refinery towers to survive the war.