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Fiat currencies died of hyperinflation.
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Fixated on the non-threat of inflation, today's Germans appear to attach more importance to the year 1923 (the year of hyperinflation) than to the year 1933 (the year democracy died).
Niall Ferguson and Nouriel Roubini write about the lessons Germany hasn't learned in Der Spiegel: Fixated on the non-threat of inflation, today's Germans appear to attach more importance to the year 1923 (the year of hyperinflation) than to the year 1933 (the year democracy died).
"We also had a period of hyperinflation".
Such debt monetisation evokes fears of hyperinflation.
In this world of hyperinflation, money is basically meaningless.
So the first engine of hyperinflation is absent.
The fear of hyperinflation is what makes the idea of printing money horrific to Germans".
Then in the 20's, Germany suffered one of the world's worst cases of hyperinflation.
This was a period of hyperinflation and the arrival of cocaine.
By the end of the 1980s, Argentina was caught in a perilous vortex of hyperinflation.
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CEO of Professional Science Editing for Scientists @ prosciediting.com