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Is this the hyper-deflationary collapse of a currency? Hyperinflation gets all the rhetoric but currencies in fact have two different failure modes. (Well thre
by api 9y ago
Is this the hyper-deflationary collapse of a currency?
Hyperinflation gets all the rhetoric but currencies in fact have two different failure modes. (Well three if you count apocalypse but that's different.)
- smackmybishop 9y agoIf this is failure, I'd love to see success...
- vorotato 9y agoA currency is only useful to the extent that it can be traded. Something which is 1 dollar one day and 10000 the next is worthless as a trading medium. It's why we don't buy and sell things in gold any more. We just sort of sit on it uselessly.