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Historically, how long does it take to go to hyperinflation when past governments started doing this? I need to know.
by steveeq1 7y ago
Historically, how long does it take to go to hyperinflation when past governments started doing this? I need to know.
- sabujp 7y agojust start buying gold etfs now if you're so worried
- deleted 7y ago[deleted]
- cultus 7y agoThat's really not a concern in recessions. You'd really have to go out of your way to get that result. I expect deflation due to demand destruction.
- ttul 7y agoIf GDP contracts 10% this year - a real possibility - there is literally zero chance of inflation. The real enemy is deflation.
- ma2rten 7y agoCan you explain that?
- ttul 7y agoPrices increase when there is more demand for things than there is supply. If the economy collapses by 10%, then it’s likely that people will be offering deals on products to stimulate demand. That means prices going down, not up.
- ma2rten 7y agoOkay, but as companies shut down, supply chains are disrupted and employers implement measures to enact social distancing, why wouldn't supply also go down? Does the GPD going down necessarily mean that there is less demand and not less supply?
- redwood 7y agoMassive drop in demand leads to a massive drop in pricing
- steveeq1 7y ago"literally zero chance"?!? Ok, I'm going to hold you to this. I am screenshoting it.
- JamesBarney 7y agoIt'll be after we hit 4, 7, 10, 14% inflation. And right now inflation is less than 2% and falling.
- throwaway2048 7y agomake sure you buy your gold bullion and store it in your new zealand end of the world bunker
- iamaelephant 7y agoFrom giving aide during a crisis? Never?