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The most common reason for hyperinflation is that the productive capabilities of society has gone down the crapper. That mean everyone is a loser. Some more tha
by yxhuvud 4y ago
The most common reason for hyperinflation is that the productive capabilities of society has gone down the crapper. That mean everyone is a loser. Some more than others, but even the debtors are losers in that situation.
- onlyrealcuzzo 4y agoI don't know if Argentina counts as hyperinflation. But that's not really the case there. Nor was it in Zimbabwe. Venezuela's hyperinflation was just due to the price of oil dropping ~50%, and the government being completely irresponsible. Where else was this the case beside Germany?
- dragonwriter 4y ago> The most common reason for hyperinflation is that the productive capabilities of society has gone down the crapper. That mean everyone is a loser. Correction: The most common reason for hyperinflation is that the productive capabilities of the local economy has gone down the crapper. That mean everyone entirely dependent on the local economy is a loser. But, in the places where hyperinflation has occurred, it's not uncommon for elites to have significant foreign investments.