Hyperinflation
| Hyperinflation link (inflation) |
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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
