Saturday, March 19, 2011

10 Hyperinflation Horror Stories Of The 20th Century

Today, we talk about inflation in emerging markets, the rising cost of food and fuel, and money printing like we're experiencing true hyper-inflationary horrors.
But a quick look back at the last century will yield a bevy of tales detailing what the true horror actually looks like.
Hyperinflation is corrosive not only because it represents an over 50% rise in prices per month but because it represents a loss of faith in a currency as well.
War seems to be a common thread for these countries and the adoption of a foreign currency is a fairly common solution.

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