And I don't care if you define inflation per millisecond or whatever. The end result is the same - there has been no hyperinflation episodes recently, exactly because central banks got quite good at lowering inflation.
The highest inflation after that was 13.91% in 1980, it was not a hyperinflation by any stretch. And I lived through an _actual_ period of hyperinflation after the USSR breakup.
For one, more plants would just spring up. Even if part of the buyout was "you may never go into coal again," someone else may. The economic structure of energy is why coal is still king, and buying out the current players won't change that.
For two, the cost of shutting that industry down does not cover the cost of starting new energy industries to replace it. Or were we just going to go without 37% of our electricity?
For three, coal works efficiently and predictably at far smaller scale than most energy technologies. Many of the locations coal services today cannot be practically services by other generation methods.
Here's a list of hyperinflation episodes during the last 100 years: http://www.cato.org/sites/cato...
Do you see there any developed country with a central bank controlled by these devious money-grabbing bankers? Nope. All such countries have generally stable currencies and moderate inflation. There's a simple reason for that - inflation hurts rich people dis-proportionally. While deflation actually benefits them somewhat and hurts poor people.
In fact, right now ECB doesn't print _enough_ money - inflation is way under the targeted level, threatening to go into outright deflation.
You do know that in Modern times the first decriminilazation of homosexual activity was en-acted under Napolean, in 1811?
Why, yes. I even said that, in my comment, though I named the country instead of the leader. Search my comment for France.
You spelled his name wrong, you got the wrong leader, and you got the year wrong. It was during the French Revolution, not under Napoleon; it was in 1791, not 1811; it was the Constituent Assembly, in replacing the penal code, not by a single leader.
NOTHING with regards to human rights started in the US.
You are so fucking ignorant you make Fox News seem informed.
Says the guy who tried to make a correction to a comment that already contained what he wanted to say, and in a single factual claim made three fundamental errors.
I mean you at least got which country it was right, at least.
This isn't Reddit. Generally slashdotters are expected to hold better behavior than this.
The classic banking system evolved for a LONG time to minimize the effects of bank failures and bad bank employees. Besides, it's almost impossible to actually _steal_ money from a bank. Sure, you can rob a bank and maybe get a couple hundred thousands in cash. But stealing any non-trivial sum is impossible, because accounts are not kept in anonymous cash.