3 ms·

1. Hyperinflation isn't the cause of Nazi Germany, please keep the Godwin goblins under the control. 2. Hyperinflation isn't a natural result of regular inflat

1. Hyperinflation isn't the cause of Nazi Germany, please keep the Godwin goblins under the control. 2. Hyperinflation isn't a natural result of regular inflation. There have been countless governments that have engaged in deliberately inflationary policies. Basically none of them resulted in a hyperinflation spiral. 3. Hyperinflation isn't even caused by spending policies in the first place! It is the result of a collapse in national revenue, forcing a government to print money to honor debts that it can't otherwise pay. This leads to a collapse in confidence in the currency, and more printing, thus the spiral. I'm not aware of any nation anywhere that "printed money" for new spending and ended up in a hyperinflation state. You have a counterexample?

ChrisMarshallNY 6y ago
Fair 'nuff. However, I lived in Africa. One of my best friends (at the time) lived in Zimbabwe. I lived in Uganda (I think that nation made the news, as well). There's another country that has had a hyperinflation problem: Venezuela (I think it's still going on). When you have to use a wheelbarrow to carry money to buy a loaf of bread, then something ain't right. Hyperinflation doesn't cause despots, but good old-fashioned misery for the masses goes a long way towards it. It's really easy to be clinical and analytical, when we don't have to pay the price, ourselves, but I can tell you, from personal experience, that walking past psychotic young men, carrying loaded machine guns, backed by the government, every day, kinda sucks. A lot of people in the world have to do exactly that. The one issue that I have with the tech social media scene, is how divorced we become from simple, basic humanity. Everything becomes strawmen and examples.