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> Hyperinflation refers to rapid and unrestrained price increases in an economy, typically at rates exceeding 50% each month over time. https://www.investopedi
by 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 agoSure, 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 agoAssuming 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.