4 ms·
This could be generalized as structural inability to collect taxes commensurate with politically mandatory disbursements, less net new foreign borrowing. Consi
by everybodyknows 4y ago
This could be generalized as structural inability to collect taxes commensurate with politically mandatory disbursements, less net new foreign borrowing. Consider for example the post-Soviet Eastern European hyperinflation mentioned:
> ... fallout from the collapse of the USSR
- fallingfrog 4y agoI get where you’re coming from- but I still think it’s more specific than that. Take Yugoslavia. They took out imf loans right before their hyperinflation. What you describe definitely causes inflation, but the “hyper” part, in every case I am aware of, involved foreign debts.