Understanding inflation – back in 1933

This is pure gold, and that even though the US had just recently left the gold standard. Reading through a new article by Christina Romer (.pdf) i stumbled – on second look – upon a hilarious video made back in 1933 explaining money and the phenomenon of inflation.  Thoroughly entertaining – including a lesson on how real economists draw their charts. “Sailors will soon again be able to afford a sweetheart in every port!” and “People are beginning to buy more steel, more automobiles, more gasoline, more clothes, more tires and MORE BEER!” – It’s all in there!


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