/biz/ - Business & Finance

>>57117388
>History of the Crack-Up Boom
>In the early 1920s, von Mises witnessed and decried hyperinflation in his native Austria and neighboring Germany.5 Von Mises played an instrumental role in helping Austria to avoid a crack-up boom but could do nothing but sit back and watch as the German Reichsmark collapsed one year later. He was adamant that not keeping credit expansion in check could pave the way for a deadlier dose of hyperinflation that would eventually bring the economy to its knees.
>Examples of a Crack-Up Boom
>Several economies, other than Germany, have caved in after a period of credit expansion and hyperinflation, including Argentina, Russia, Yugoslavia, and Zimbabwe.2 A more recent example is Venezuela. Years of corruption and misfiring government policies have led the South American country's economy to collapse in a drastic fashion. As a result, millions of Venezuelans face poverty, food shortages, and blackouts.6 According to the International Monetary Fund (IMF), Venezuela's economy contracted by over 35% between 2013 and 2017. Rampant inflation hasn't helped.
>By mid-2019, inflation in the country was reported to be as high as 10 million percent, meaning that a product that once cost the equivalent of one bolivar went on to cost the equivalent of 10 million bolivars.7 Things have gotten so bad that a monthly salary in Venezuela was reportedly not enough to even cover the cost of a single gallon of milk.

>>55727517
>molesting underage girls is based!
Tell me you're a Redditor without telling me you're a Redditor.

>>55606976
You have to go back.

I'm waiting for actual ownership of stocks to be banned, and "holding" stocks through a ""certified broker"" being declared the only legal means of """investing""".
That seems like the only way out for the cunts who keep filling politician's pockets, so it's no doubt what they'll go for.
I will remind any government agents perusing this thread that I am an active taxpayer, and I wholly intend to pay my moass taxes in full, as a patriotic and productive American citizen.