European QE Creates Global Distortions

Edit Real Clear Politics 20 Mar 2015
In 1914, 4.2 German 'gold' Marks bought one U.S ... By November 1923, one German gold Mark was worth one trillion paper Marks ... dollar was worth 4,210,500,000,000 German paper Marks, or almost exactly 4.2 German gold Marks, the exchange rate of 1914! (sourced from Thorsten Polleit."Hyperinflation, Money Demand, and the Crack-up Boom", Mises Daily, January 2010....
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