Former Federal Reserve chair Janet Yellen has warned U.S. president Donald Trump could be pushing the U.S. dollar toward ...
The greatest trick the government ever pulled was convincing the world that inflation was a good thing. Over the course of history, dozens of once-prosperous nations have collapsed under the pressure ...
Hyperinflation usually occurs during severe recessions. It develops when consumers and investors lose confidence in the government and the national currency. In 1956, economist Philip Cagan defined ...
In November 1923, there were 4,210,500,000,000 German marks to the dollar. 4.2 trillion. In lay economics, 1 : 4.2 trillion equals worthless. Such a ruinous currency devaluation exacts steep psychic ...
Many mistake hyperinflation as a sign of better than good times; after all, if inflation happens in a booming economy, then hyperinflation must mean that the country is doing really well. That ...
“Gradually, then suddenly,” goes the Hemingway trope about going bankrupt that Bitcoiners have so enthusiastically adopted. When crypto exchanges, stablecoins and banks are collapsing left and right, ...
Professor Liping He from Beijing Normal University has produced a most comprehensive and useful scholarly treatment of world hyperinflation. It is hot off the press. This is a welcomed addition to the ...
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