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> 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 q
by tablespoon 6y 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 6y 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