Who would have thought that a meeting on this lovely island over 100 years ago would have created so much misery.

Just finished a really interesting read, ‘An analysis and history of Inflation’ by Don Paarlberg. It covers 15 historical inflations over time and under various political and economic regimes. Pretty easy reading. It has a good summary and an interesting discussion of possible ways to limit the effects. It was written in 1993 so our favorite solution is not included but its an interesting thought experiment to pit it against the ones offered. Note to self, don’t hold government bonds.

The guy that promised there would be many opportunities to buy below $100k was right. I just got a paycheck worth.