Did you remember the hyper inflation that occurred in Germany between June 1921 and November 1923 which went up to 30,000%? This was a result of Germany going off the gold standard to fund the war with the hopes that they would win the war but the war went against them and Germany was in deep mess as they were in debt and had to pay off. Part of the debt was the war treaty but Germany was not allowed to pay its treaty in its currency so it had to start converting all its cash into other currencies. The country was already in debt so the only to solve all its problems, it had to resort into buying other currency with its own currency. This meant printing more currency and using it to purchase other currencies because they were in big need for it. The exchange rate went bad and since they could print more money, they just kept printing the Mark.
Hungary also within August 1945 to July 1946 experience a hyperinflation where it had 207% inflation daily. This was an impact from war and as usual, countries experiencing deep economic issues will never reduce the printing of money but would rather keep printing the money so they can stabilize the economy. The countries currency the Hungarian pengő lose its value as they kept printing.
We have seen this hyperinflation in countries including Zimbabwe, Yugoslavia, Venezuela and so on. Although this happened in this countries, there is a country I am really not sure if it can have a serious hyperinflation and that is the United States. The US has been printing a whole lot of money especially in 2020 as a result of the pandemic. The US started with $4T before the pandemic but immediately the pandemic struck the US, the supply increased by 41.46% to $6.7T, a lot of people still feel like the US will not have a hyperinflation even when they are spending more on the pandemic and not reducing the spending on other sectors, not taxing anyone, rather the government is printing more money.
Why do you think the US isn't having hyperinflation currently?
Reference:
https://www.bbc.co.uk/bitesize/guides/z9y64j6/revision/5
businessinsider.com/weimar-germany-hyperinflation-explained-2013-9?IR=T
https://www.businessinsider.com/hungarys-hyperinflation-story-2014-4?IR=T
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all countries experience economic cycles where things do not go well, in the case of the u.s., their social model is what allows them to face the challenges of inflation, now the process they are going through in terms of their culture can destroy them as a society
I think this is kind of different than what happened in Germany, and in venezula as they are printing for pandemic stimulus.
Let's see, it will be big if the US dollar falls for the whole world and its a possibility, if the dollar falls so will many other currencies.
But US is having some political stability, compared to countries you mentioned now experiencing hyper inflation, so maybe it will not pass by.
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