Chapter 11

On page 231, he discussed the issue of inflation and used the example of a newspaper, saying that in Germany, their newspaper in one year was 70 million dollars cheaper then it was only two years later, and it had nothing to do with the newspaper, the newspaper didn't improve in quality or begin to reach new people, instead it all laid in their currency. There was so much inflation that their dollar became essentially worthless. People had to spend their paycheck a right when they got then because only a few hours later the price will have increased.  This goes back to a video that we watched in class where in a grocery store in Africa, all of the shelves were empty because the people had to buy everything they could before the price increased again. By he value of the goods aren't increasing causing the price to go up, but the value of the dollar is decreasing causing the items to appear to be more expensive.  He mentioned that in Latin America in the 80's, it was more beneficial to burn the money and use it for firewood then it was to actually spend it because at then least the money would be of at least some use.