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Favorite Turroni Quote
posted on
Sep 10, 2008 11:16AM
From The Economics of Inflation, this gem:
"Those who in Germany in the post-war years considerably increased their own fortunes or who became new possessors of huge fortunes, were mainly those men who understood before others the phenomenon of inflation, and who, foreseeing the continual depreciation of the German currency, used this knowledge in all their financial operations." (p.291)
