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In most of the developing world, hyperinflation is rare too.
by sebleon 9y ago
In most of the developing world, hyperinflation is rare too.
- tradersam 9y agoNot really. Zimbabwe, Yugoslavia, Hungary, China (1945). It's not rampant, but it's not rare.
- tibbon 9y agoVenezuela has been pretty bad off recently too.
- sebleon 9y ago3% of countries is a small minority. (6/195 countries, you missed Venezuela-now and Ecuador-1999) Besides, these tend to happen infrequently (like once in a century per country), people underestimate risk, and blame politicians instead of the system. It would be beautiful if a critical mass of people would come to the conclusion that monetary system needs to change...