The Federal Reserve System is a collection of the largest banks in America, who get together to determine monetary policy. As dubious as that is, most people believe their claim that they are just looking after the best interests of the economy–and perhaps they are, and just suck at it. So with the Fed printing money, and the Bank of England about to do the same, it is both timely and just for the Time to present a Photo Gallery of Germany’s devalued Weimar Republic’s currency. During this time, Germany even printed a $100 trillion mark note. The black market flourished, bartering made a comeback. Why is all of this important? While it is true that we should try to stabalize the economy, we should also be quite concerned about the negative effects of inflation!
