Longtime lurker, first post.
29 Years is correct. For those who want to educate themselves on what excess liquidity can do to an economy read "When Money Dies" by Adam Ferguson....
"In 1923, German currency became effectively worthless: the exchange rate in December of that year was one US dollar to 4200 trillion marks."
Germany kept printing money to fund social services and keep the populace happy (sound familiar). At the end this is where they were....
“In hyperinflation, a kilo of potatoes was worth, to some, more than the family silver; a side of pork more than the grand piano. A prostitute in the family was better than an infant corpse; theft was preferable to starvation; warmth was finer than honor, clothing more essential than democracy, food more needed than freedom.”
