Tuesday, January 31, 2006

The Invisible Crash

The story of the American inflation of the 1960s and 70's is catalogued in Jim Dines' excellent 1975 book, The Invisible Crash.

Since we've started out by talking about gold, I thought I'd include this review of Dines' hidden classic. Here's a brief bit from the opening so you know what you're getting into:
"author James Dines of the highly regarded “Dines Letter” puts the inflation of the 1960s and ‘70s into historical perspective. Pressing the case for investment in gold shares, Mr. Dines argued against the unsound monetary structure of that time and warned readers to prepare for the wealth eroding effects of an inflationary depression. "