4 ms·
An FDIC insured basket doesn't do much if a currency is hyperinflated though.
by mycroft-holmes 13y ago
An FDIC insured basket doesn't do much if a currency is hyperinflated though.
- _delirium 13y agoI would put that pretty low on my list of worries, if your money is in USD or a similarly stable currency, rather than a small one like Zimbabwean dollars or Icelandic Krona. Modest inflation, perhaps even in the low double digits, is a non-negligible risk, but Weimar-style hyperinflation in USD is a fairly negligible risk, much lower than a bunch of other risks I'm exposed to. The last time the annual inflation rate in USD surpassed 100% (which still isn't even hyperinflation territory) was during the Civil War, ~150 years ago.