4 ms·
Hyperinflation basically achieves this.
by naniwaduni 5y ago
Hyperinflation basically achieves this.
- tablespoon 5y ago> Hyperinflation basically achieves this. I don't think so. I think the idea they want the money to lose its value only if someone hoards it. If it's spent quickly enough, it retains its full value now and in the future. That's not how hyperinflation works.
- razius 5y agoWhat do you think hyperinflation is? "Gary North tells a story of a German citizen who realized too late that her money was on the way to becoming worthless: "…the truly marketable goods were gone. They were being hoarded. All she found was a large inventory of bedpans. She bought them in late 1923." https://mises.org/library/weimar-and-wall-street https://mises.org/library/weimar-and-wall-street
- imtringued 5y agoHyperinflation is an economy wide collapse in production though. If every human in the nation lost trust in the currency but there was enough production capacity to feed everyone then exports would rise until the currency appreciates to normal levels again. However, most nations suffering from hyperinflation don't have enough products to export in the first place.