Saturday, July 18, 2020

hyperinflated trillionaires?



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

Hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency . Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.

 If someone says "M7 is a Trillionaire" is this in Hyperinflation Money? Because then one can be rich and poor at the same time.  Hyperinflation Money has unusually high numeration at extremely low value.  For example, a "$100Billion Dollar Note" is not worth $100Billion USD (unless USA is using it), but more likely $10 USD. 


M7C 2020.


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