Art Cashin On The Most Important History Lesson Of The Last Century

http://www.zerohedge.com/news/art-cashin-most-important-history-lesson-last-century
in 1922, the German Central Bank and the German Treasury took an inevitable step in a process which had begun with their previous effort to "jump start" a stagnant economy. Many months earlier they had decided that what was needed was easier money. Their initial efforts brought little response. So, using the governmental "more is better" theory they simply created more and more money.