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Inflation Starts as a Drip
In the 1920’s, my grandmother used to send money to her sister in Germany where the cost of living kept rising (inflation).
At the end of 1921, her sister could buy a week’s worth of food for her family for 330 marks. By June of 1922, she could only buy two loaves of bread for the same 330 marks. By late 1923, she needed a wheelbarrow full of marks (200,000,000,000 marks) to buy a loaf of bread.
As our American dollar buys less and less, what can America do to avoid the economic tragedy of Germany?