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10:10
Study.com
Hyperinflation, Money Supply and the Consumer Price Index
Hyperinflation is a phenomenon where prices increase over 50% per month. Explore why prices could increase so much, how hyperinflation can affect a country's money supply and consumer price index, and find examples of formulas that seek to explain this phenomenon.
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In Yugoslavia in 1993 prices rose 20% a day. In Zimbabwe in 2008, inflation reached 231,000,000%. Our cartoonist KAL looks at how hyperinflation can lead to the collapse of a country's economy | The Economist
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He lost everything in Zimbabwe's hyperinflation. Paper money became worthless—his truck bought only 3 loaves of bread. A gold-backed card could have saved him. Now, Texas, Florida, Arkansas, Louisiana, and Missouri recognize gold/silver electronic transactions as legal tender. #Hyperinflation #Gold #Silver #FinancialSecurity #EconomicCrisis | Open Range
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