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The second wave of inflation Admin 02/05/2011 - 14:57

Currently we are seeing a world wide explosion of food price. Inflation hits the poor first. It makes these people furious. The price of food is increasing in 2011 faster than in 2008. We have already reached in a short time of 5 months 80% of peak of the wheat price index of 2008.

On the other hand the tolerance against higher inflation rates is decreasing in poor countries. Will inflation cause world wide revolts?

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A local currency in the 20s ... John Zube 03/06/2011 - 21:27
 
... or 30s of the last century:
A Hamburg prostitute's complaint was the irregularity of her business. On payday she had plenty of customers but they "petered out" during the next days. So, to get a more regular business, she advertised and offered her services with a nice photo offer herself and her address, with the remark that she would redeem it, in kind, with her services. "Once good for Lilly" (or "Eva" or whatever her name was). With these photos she managed to pay some of her bills, e.g. for food and drinks, in pubs and other eateries and from there they were often gladly accepted, by other customers, in change, served as conversation pieces and led thus led to more and regular customers for herself.
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