I would like to add to Marlene and John's emails:
As we all know, inflation comes and goes round the world in cycles of
greater or lesser degrees.
The full horror of what Germans had to endure between the two wars was
brought home when I watched an old film of a man recounting his experiences
in the run up to world war II. Inflation had got so bad the prices of
everything were changing hourly. There was a run on the banks with long
queues of people withdrawing money because they wanted to buy food and
goods before the prices went up out of reach. Those workers who were paid by
cheque, ran to the bank to cash them before their wage was worthless in
terms of buying power. He quoted the instance of when he bought a cup of
coffee and by the time he had drunk it the price had more than doubled when
he went to pay for it at the till. This was why the old men who had held
power for so long were swept aside in favour of a young man who had new
ideas of how to stabilise the country.
Rena
in England