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→Hyperinflation
==Hyperinflation==
==Hyperinflation==
[[Image:Wheelbarrow money.jpg|right|thumb|A wheelbarrow full of printed currency during the Weimar Republic.]]
[[Image:Wheelbarrow money.jpg|right|thumb|A wheelbarrow full of printed currency during the Weimar Republic.]]
[[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]]. Currency is still being printed in large quantities without a corresponding increase in the amount of goods and services available. It has occurred when prices controls are dropped 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> Price controls have always proven to be an ineffective, if not disastrous response.
[[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]]. Currency is still being printed in large quantities without a corresponding increase in the amount of goods and services available. It has occurred when price controls are dropped 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> Price controls have always proven to be an ineffective, if not disastrous response.
The worst episodes of hyperinflation historically have been in [[Weimar Germany]] in 1923 (after [[World War I]]), [[Hungary]] and [[China]] after [[World War II]], [[Chile]] under [[Salvador Allende]], and [[Zimbabwe]] in the late 2000s.
The worst episodes of hyperinflation historically have been in [[Weimar Germany]] in 1923 (after [[World War I]]), [[Hungary]] and [[China]] after [[World War II]], [[Chile]] under [[Salvador Allende]], and [[Zimbabwe]] in the late 2000s.