Below is a very interesting article on the events that led to hyperinflation in the Weimar Repubic and the potential ramifications of the Western Economies’ monetary policies. We all would be very naive to believe that the ramifications of the zero interest rate policies will be very mild over the long-term, but the best way to protect yourself is to own productive assets, ideally with pricing power and at attractive prices. This becomes harder the further the market rallies of course. History may not repeat but it certainly rhymes.