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Scoop.it!
Sadly we have no strict official definition of hyperinflation but the usual rule of thumb is that an inflation rate of over 50% a month qualifies for the hyper- not just the inflation. 
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Scoop.it!
The number of Venezuelan bitcoin users has doubled and the trading volumes of Venezuelan bitcoin exchanges have increased substantially since 2014.
Scoop.it!
There is no need for Americans to worry about hyperinflation thanks to the FED and the wonderful financial fantasy system. There are much worse things on the ...
Scoop.it!
Venezuela is the first country since Iran in 2012 to suffer the tell-tale signs of hyperinflation with no help on the way.
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The story of the destruction of the German mark during the hyper-inflation of Weimar Germany from 1919 to its horrific peak in November 1923 is usually dismissed as a bizarre anomaly in the economic history of the twentieth century. But no episode better illustrates the dire consequences of unsound money or makes a more devastating, real-life case against fiat-currency: where there is no restraint, monetary death will follow.
Scoop.it!
HYPERINFLATION is among the worst catastrophes that can befall an economy. It can destroy output and destabilise societies. The hoarding of real assets, such as property and precious metals, wrecks business and financial investment in countries afflicted by it. Business costs soar, as wages and prices have to be increased on an hourly basis, reducing productivity. Foreign investment evaporates as the financial risks of doing business rise. The sudden redistribution of wealth from creditors to debtors can eat at civil society and discredit political institutions. John Maynard Keynes, as early as 1919, recognised the threat inflation posed to modern capitalist societies:
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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