4 ms·

What’s the end result of the hyperinflation of everything?

systemvoltage 5y ago
Remember last year when we couldn't even say the word 'inflation' on HN without being flagged and completely stomped by the boots? The boots are now realizing that inflation is here to stay. Even the most liberal media has admitted (NYTimes). Comparisons with 2009 fiscal stimulus didn't hold up.
- zionic 5y ago
  Who could have possibly seen this coming? https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL
  - systemvoltage 5y ago
    Literally all of HN. All you have to do is search threads from 2020. My point is more than this issue - it is how HN treats dissent and diverging opinions.
purple_ferret 5y ago
> Hyperinflation refers to rapid and unrestrained price increases in an economy, typically at rates exceeding 50% each month over time. https://www.investopedia.com/terms/h/hyperinflation.asp https://www.investopedia.com/terms/h/hyperinflation.asp
- endisneigh 5y ago
  Sure, I’m not saying there is hyperinflation of everything, but I was wondering the result is. Per your definition Bitcoin has hyper inflated in the past month. What’s the result of this?
  - steego 5y ago
    Assuming Bitcoin is a currency, it would have experienced hyper-deflation. Under hyper-inflation, your currency would lose value at the end of the month because the price of everything has risen 50% or more. Under-hyper deflation, the prices of everything plummets at the end of the month. While this sounds great, deflation also has a negative impact on economies because people are less likely to spend their money today if they know it’s going to appreciate value at the end of the month. If you’re interested this subject, there’s so many great resources that do an excellent job explaining monetary policy. Salman Kahn of Khan Academy is actually a pretty great resource for explaining this stuff in simpler terms. Planet Money keeps their shows accessible and do a great job explaining the basics and backstory of policies and ideas.
steego 5y ago
You do know that hyperinflation refers to inflation that exceeds 50% per month, right? 5% yearly inflation is just plain old inflation.

Remember last year when we couldn't even say the word 'inflation' on HN without being flagged and completely stomped by the boots? The boots are now realizing that inflation is here to stay. Even the most liberal media has admitted (NYTimes). Comparisons with 2009 fiscal stimulus didn't hold up.

zionic 5y ago
Who could have possibly seen this coming? https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL
- systemvoltage 5y ago
  Literally all of HN. All you have to do is search threads from 2020. My point is more than this issue - it is how HN treats dissent and diverging opinions.

purple_ferret 5y ago

> Hyperinflation refers to rapid and unrestrained price increases in an economy, typically at rates exceeding 50% each month over time. https://www.investopedia.com/terms/h/hyperinflation.asp https://www.investopedia.com/terms/h/hyperinflation.asp

endisneigh 5y ago
Sure, I’m not saying there is hyperinflation of everything, but I was wondering the result is. Per your definition Bitcoin has hyper inflated in the past month. What’s the result of this?
- steego 5y ago
  Assuming Bitcoin is a currency, it would have experienced hyper-deflation. Under hyper-inflation, your currency would lose value at the end of the month because the price of everything has risen 50% or more. Under-hyper deflation, the prices of everything plummets at the end of the month. While this sounds great, deflation also has a negative impact on economies because people are less likely to spend their money today if they know it’s going to appreciate value at the end of the month. If you’re interested this subject, there’s so many great resources that do an excellent job explaining monetary policy. Salman Kahn of Khan Academy is actually a pretty great resource for explaining this stuff in simpler terms. Planet Money keeps their shows accessible and do a great job explaining the basics and backstory of policies and ideas.

steego 5y ago

You do know that hyperinflation refers to inflation that exceeds 50% per month, right? 5% yearly inflation is just plain old inflation.