HyperInflation or HyperDeflation? The Quantity Theory of Money

HyperInflation or HyperDeflation? The Quantity Theory of Money Economics / Economic Theory May 12, 2010 - 03:42 AM By: Professor Emeritus James Turk's article Hyperinflation Looms dated April 20, 2010, is based on Quantity Theory of Money (QTM). It draws an analogy between Weimar Germany of 1923 and the United States of 2010. Both precepts are invalid. As far as the QTM is concerned, it suffices to point to the very fact, admitted by Turk, that it is possible to have a shortage of money simultaneously with the overworking of the printing presses. Hyperinflation is not the same as the...

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Go outside and play

Go outside and playhttp://www.cleveland.com/living/plaindealer/index.ssf?/base/living/1158309564312510.xml&coll=2 http://tinyurl.com/pg6bd That's the advice nature educators have for increasingly reined-in kids and their very protective parents Friday, September 15, 2006 Susan Glaser Plain Dealer Reporter When Steve Cadwell was a kid, he had the North Chagrin Reservation in his back yard, and he used to disappear for hours. "My mom said, 'Go outside, and don't come back until the streetlights are on,' " said Cadwell, 47, now executive director of the Nature Center of Shaker Lakes. Rare is the mother who issues that directive these days. Thanks to everything from fears about stranger danger to video...

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Maximilien Robespierre: Reign of Terror leader was guillotined in Paris during the French Revolution (1794)