-->Das habe ich im Daily Reckoning gefunden.
Ich hoffe, das Link funktioniert.

Fred Sheehan beschreibt das Ende verschiedener Papiergeldsysteme und vergleicht die Fed mit Stefan Zweig. Mit grossem Europa-Bezug. Ein absoluter Super-Artikel.

Hier ein Auszug zum Assignat:
Again, the urge to own real assets. As White summed up the decrepitude:"n the complete uncertainty as to the future, all business became a game of chance, and all businessmen, gamblers.... Instead of a satisfaction with legitimate profits, came a passion for inordinate gains.... In this mania for yielding to present enjoyment rather than for providing for future comfort were the seeds of new growths of wretchedness: luxury, senseless and extravagance."
"Repudiation and dishonor" of the money kept:...all values in fluctuation; discouraging enterprise; paralyzing energy; undermining sobriety; obliterating thrift; promoting extravagance and exciting riot by the issue of an irredeemable currency.... The paper money of the nation seemed to transmute prosperity into adversity and plenty into famine.... [i]Before the end of the year 1795 the paper money was almost exclusively in the hands of the working classes.... On them finally came the great crushing weight of the loss. After the first collapse came the cries of the starving....

Zur deutschen Hyperinflation:
To look at the degradation of Austro-Hungary's ally, I quote from Before the Deluge: Berlin in the Twenties. Otto Freidrich wrote this journalistic history of the decade, in which the author captures the dismal nature of the times: A journalist believed"the inflation was by far the most important event of the period. It wiped out the savings of the whole middle class, but those are just words. You have to understand what that meant. There was not a single girl in the entire middle class who could get married without her father paying a dowry.... They saved and saved so that they could get married, and so it destroyed the whole idea of remaining chaste until marriage.... But what happened from the inflation was that the girls learned that virginity didn't matter anymore...."

Weiter unten in diesem Forum ist ein Artikel:
Kotlikoff: Social Security Liabilities Could Lead to Hyperinflation
http://www.socialsecurity.org/daily/05-13-04.html
Hier schreibt der Autor, dass den USA nichts anderes übrig bleiben wird als mit direktem Zugriff auf die Fed zu hyperinflationieren, wenn die Treasuries nicht mehr absetzbar sind. Das gilt auch für Europa.
Politico.

<ul> ~ http://www.dailyreckoning.com/body_headline.cfm?id=4062&tp=c</ul>