[Obstinate Cynic]

@MR166,

“To me, that means hyper inflation since depression allows people who withdrew their money from the system before it was too late to become the new rich and thus be in power.”

Not sure I get this statement as it seems to me that in a deflationary environment (depression) all asset classes go down, nothing is spared, so there is no way to “withdraw” from the system. However, in a hyper-inflationary environment, the purchasing power of one or more fiat currencies is affected so then it is possible to shift your assets into another “safe” class and retain your purchasing power, or in fact dramatically increase it relative to those who did not “get out in time”.

[Author]

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