Changes

==Hyperinflation==

==Hyperinflation==

Hyperinflation is out of control inflation and has occurred when there is a massive imbalance between the supply and demand and a complete loss of confidence in the [[currency]].  It has occurred when prices are decontrolled by central governments, like in the [[economic collapse]] of the [[USSR]], where inflation reached over 1000% in some areas. <ref>[http://globalis.gvu.unu.edu/indicator.cfm?IndicatorID=152&Year=1995&Country=UA] Inflation Indicators Ukraine</Ref>   

Hyperinflation is out of control inflation and has occurred when there is a massive imbalance between the supply and demand and a complete loss of confidence in the [[currency]].  It has occurred when prices are decontrolled by central governments, like in the [[economic collapse]] of the [[USSR]], where inflation reached over 1000% in some areas.<ref>[http://globalis.gvu.unu.edu/indicator.cfm?IndicatorID=152&Year=1995&Country=UA] Inflation Indicators Ukraine</Ref>   

The worst episodes of hyperinflation historically have been in [[Weimar Germany]] in 1923 (after [[World War I]]), [[Hungary]] after [[World War II]], and [[Zimbabwe]] in the late 2000s.  

The worst episodes of hyperinflation historically have been in [[Weimar Germany]] in 1923 (after [[World War I]]), [[Hungary]] after [[World War II]], and [[Zimbabwe]] in the late 2000s.  

*Inflation is fundamentally a monetary phenomenon. The inflation of the 1970s came about primarily because [[Federal Reserve]] chairman [[Arthur Burns]] gunned the [[money supply]] to get [[Richard Nixon]] re-elected in 1972. He was followed by [[G. William Miller]], appointed by [[Jimmy Carter]]. Miller didn’t have a clue about [[monetary policy]] and only made the dismal inflation situation he inherited far worse. [http://www.nationalreview.com/nrof_bartlett/bartlett200406140846.asp]

*Inflation is fundamentally a monetary phenomenon. The inflation of the 1970s came about primarily because [[Federal Reserve]] chairman [[Arthur Burns]] gunned the [[money supply]] to get [[Richard Nixon]] re-elected in 1972. He was followed by [[G. William Miller]], appointed by [[Jimmy Carter]]. Miller didn’t have a clue about [[monetary policy]] and only made the dismal inflation situation he inherited far worse. [http://www.nationalreview.com/nrof_bartlett/bartlett200406140846.asp]

   

Hyperinflation is out of control inflation and has occurred when there is a massive imbalance between the supply and demand and a complete loss of confidence in the currency. It has occurred when prices are decontrolled by central governments, like in the collapse of the [[USSR]], where inflation reached  over 1000% in some areas.  <ref>[http://globalis.gvu.unu.edu/indicator.cfm?IndicatorID=152&Year=1995&Country=UA] Inflation Indicators Ukraine</Ref> 

 

==Politics and inflation==

==Politics and inflation==

==See Also==

==See Also==

* [[Phillips curve]]

* [[Phillips curve]]

* [[Inflation hedge]]

* [[Inflation hedge]]

* [[Subprime loans]]

 

* [[Economics]]

* [[Federal Reserve Bank]]

 

* [[National debt]]

* [[Treasury bill]]s

 

* [[Quantitative easing]]

* [[Economic bubble]]s: The Coming [[Derivatives bubble]], [[Real estate bubble]] ([[Subprime loans]], [[Bailout]], [[Obama administration corporate bailouts]]), [[Dot com bubble]] ([[Tulip mania]])

* [[Housing bubble]]

 

* [[Economic bubble]]

* [[Financial Crisis of 2008]] leading to [[Recession of 2008]] ([[Recession]]), [[Economic stimulus]], [[American Recovery and Reinvestment Act of 2009]], [[Recovery Summer 2010]]

 

* [[Obamanomics]]: [[Obamunism]] [[Economic planning]] of the [[Obama administration fiscal policy]], [[Obama administration monetary policy]], [[Obamacare]], [[Federal funding]] via [[Crony capitalism]] ([[Obama donor list]]), [[Deficit spending]], [[Similarities between Communism, Nazism and liberalism]], [[Obamageddon]]

 

* [[National debt]]: [[Federal Reserve System]]'s [[Ponzi scheme]] of [[Quantitative easing]]-[[Debt monetization]]-[[Fiat currency]] through [[Money supply]]-[[Treasury bill]]s bought mostly by [[China]] and [[Japan]]

 

* [[John Maynard Keynes]]' [[liberal]] [[Keynesian economics]] of [[Barack Obama]]  

* [[Ludwig von Mises]]' [[conservative]] [[libertarian]] [[Austrian economics]] and [[Fiscal conservatism]]-[[Conservative economic policies]] of [[Ron Paul]]

==External links==  

==External links==