Re: Printing Money

["Alan G. Isaac" <AISAAC@xxxxxxxxxxxx>]

On Thu, 23 Feb 1995 16:26:57 -0700 Jim Devine said:
>But note that this hyperinflation is really caused by the
>civil war, social conflicts, etc. rather than by the
>printing of money.  The latter is just a symptom.
>Similarly, strictures about the need to balance the government's
>budget hardly solve the real problem.

Would you agree that we can say the conflict etc. leads
to a reliance of inflationary finance, which in turn
generates the hyperinflation? The "printing of money"
then remains a proximate cause of the hyperinflation.

>
>BTW, has any government ever dumped money from airplanes or
>helicopters? Rumor has it that the Chaing kai-shek government
>did this after WW II as it was losing the Chinese civil war.
>(Of course, most money enters the economy through the banking
>system rather than though the air force.)

I heard a rumor that the US did this to Iraq during the Gulf War.



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