Difference between revisions of "Hyperinflation"
Jump to navigation
Jump to search
(Created page with "{{concept |wikipedia=https://en.wikipedia.org/wiki/Hyperinflation |image= |constitutes=inflation }} '''Hyperinflation''' is very high inflation of the money supply. ==Conseq...") |
m (Text replacement - "==Examples==" to "== Selected Examples ==") |
||
| Line 9: | Line 9: | ||
Normal [[inflation]] robs the currency of its value, moving value to whoever creates the money supply (e.g. the [[central bank]] and commercial [[banks]]). Hyperinflation makes this point so obvious that the citizens of a nation begin to switch over to other currencies. | Normal [[inflation]] robs the currency of its value, moving value to whoever creates the money supply (e.g. the [[central bank]] and commercial [[banks]]). Hyperinflation makes this point so obvious that the citizens of a nation begin to switch over to other currencies. | ||
| − | ==Examples== | + | == Selected Examples == |
* 2017/9 - [[Venezuela]] | * 2017/9 - [[Venezuela]] | ||
Latest revision as of 14:13, 3 May 2022
 Hyperinflation  (inflation)   | |
|---|---|
Hyperinflation is very high inflation of the money supply.
Consequences
Normal inflation robs the currency of its value, moving value to whoever creates the money supply (e.g. the central bank and commercial banks). Hyperinflation makes this point so obvious that the citizens of a nation begin to switch over to other currencies.
Selected Examples
- 2017/9 - Venezuela
- 2007/8 - Zimbabwe
- 1945/6 - Hungary - The most extreme case
- 1922/3 - Germany
- 1921/2 - USSR
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.
