A short thread using the story of Yugoslavia to explain the suicide economics that is printing huge amounts of unbacked money to fund government budgets.

Part 2

Source: https://www.sjsu.edu/faculty/watkins/hyper.htm#YUGO

This thread was inspired by a response to a question I asked 4 years ago on Reddit
https://www.reddit.com/r/AskEconomics/comments/72t4k6/what_happens_when_a_declining_oil_economy_starts/

Oh, and Yugoslavia at the time was also led by Slobodan Milosevic, a Serbian ethnic chauvinist who liked to set the army on ethnic minorities and boast about how the country was "indivisible."

Where have we heard that before!