War, Inflation, and the Stock Market

Today: Germany once drowned in inflation because it had funded its war effort with debt rather than taxes.

Credit: Jordy Meow

The Agenda 👇

• A suggestion by Kenny Fraser: When Money Dies by Adam Fergusson

• An ominous quote by Hjalmar Schacht about WWI Germany vs. Britain

• The case for taxing those who emerge stronger from the pandemic

• What could happen to the stock market (sooner or later)

• An illustration from my book Hedge about what led to the Great Depression