In a special reprise edition of FS Insider, Jim speaks with Ronald Marcks, who under the penname Jens O. Parsson wrote “Dying of Money” in 1974 as double-digit inflation was heating up in the US. In his book, Mr. Marcks wrote of the German inflation of 1914-1923, and the rise of the American inflation of the late 1960’s into the 1970’s. Jim and Mr. Marcks discuss the parallels of Weimar Germany to what is happening today. They also discuss the phenomenon that every burst of monetary inflation has been followed by a stock market rise and boom in prosperity and every contraction by a stock market fall and recession. Mr. Marcks sees a “latent inflation” in the US, as the money supply has increased much faster than prices for the last three decades. Jim spoke with Mr. Marcks in June of this year.
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