Supply shock isn't an acceptable explanation within neoliberal economic dogma. You get hyperinflation when a country's balance of payments tilts so far to impo

Supply shock isn't an acceptable explanation within neoliberal economic dogma. You get hyperinflation when a country's balance of payments tilts so far to imports it falls over. Supply destruction is one common route to this. But - for example in Weimar - the burden of reparations also played a part. (Not officially exports, but a loss of capital nonetheless.) However - through a mysterious neoliberal process the oil shocks of the 70s and 80s, during which the oil price tripled creating massive inflation in economies that relied on oil for almost everything, became a tale of greedy workers forcing up pay and prices. We're seeing this very clearly in the UK where most workers have barely had a significant pay rise for more than a decade, but the chair of the BoE is encouraging "restraint" - while the energy companies price gouge their customers to make astonishing profits and banker bonus caps are being lifted. Combined with the supply and export destruction wreaked by Brexit, the prospect of hyperinflation is a real concern now.