Thursday, June 29, 2017

Hyperinflation

https://en.wikipedia.org/wiki/Hyperinflation

M7 2017.

You can only have "Hundreds of Billions of Dollars" with Hyperinflation and still be "poor."

M7

In economics, hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money. The population normally switches to holding relatively stable foreign currencies. Under such conditions, the general price level within an economy increases rapidly as the official currency quickly loses real value.


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