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Exactly. It fits for the world-wide inflation. > In economics, hyperinflation is very high and typically accelerating inflation. > It quickly erodes the real
by reallydude 7y ago
Exactly. It fits for the world-wide inflation.
> In economics, hyperinflation is very high and typically accelerating inflation.
> It quickly erodes the real value of the local currency, as the prices of all goods increase.
This is in process. You seem to think there's a specific periodic minimum that is absolute. If the period is decades, it looks the same.
> This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies, often the US Dollar.[1] Prices typically remain stable in terms of other relatively stable currencies.
Given this has affected every currency (not counting some closed off systems like NK) the flight currency is property/land/gold/etc
- lisper 7y ago> This is in process. Right. And Jesus is coming back any day now. Part of the definition of hyperinflation is that it happens fast. Price increases that take place over decades is not hyperinflation, it's just regular old inflation.