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They didn't live through the inflation that gutted the economy of Brazil in the 1970s and Argentina in the 1980s...
Destroying the savings of millions of middle-class citizens... Bankrupting their governments and tearing apart the fabric of society.
Nor does anyone dare think about the hyperinflation that wreaked havoc on the entire world...
Starting in Germany after World War I...
Creating the greatest avalanche of worthless paper money ever seen, and ...
Giving rise to the most murderous dictator in the history of Western civilization.
Hundreds of millions of Americans going about their daily business today are oblivious to the torrid past of inflation.
Fewer still believe anything vaguely similar might be possible today.
They have not yet learned the lessons of history.
And they don't yet see the handwriting on the wall: The consequence of complacency is catastrophe.
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