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In [[economics]], '''Hyperinflation''' is when an [[economy]]'s [[inflation rate]] increases to very high levels. Hyperinflation refers to increased rates of [[money|monetary]] inflation and [[price]] inflation. This hyperinflation historically causes people to rapidly spend their remaining money on [[Essay:Invest in tangibles|tangibles]]. During a period of hyperinflation, the prices of [[goods]] and [[services]] rapidly increases as the [[fiat currency]] loses actual value.  

In [[economics]], '''Hyperinflation''' is when an [[economy]]'s inflation rate increases to very high levels. Hyperinflation refers to increased rates of [[money|monetary]] inflation and [[price]] inflation. This hyperinflation historically causes people to rapidly spend their remaining money on tangibles. During a period of hyperinflation, the prices of [[goods]] and [[services]] rapidly increases as the [[fiat currency]] loses actual value.  

Any of a large number of [[threats]] to the [[economy]] (local, national, global) can cause hyperinflation where the economy degrades to the point that it is no longer able to support the individuals and [[Essay:Systems of Support|systems]] which depend on it.

Any of a large number of [[threats]] to the [[economy]] (local, national, global) can cause hyperinflation where the economy degrades to the point that it is no longer able to support the individuals and systems which depend on it.

[[Image:Wheelbarrow money.jpg|right|thumb|A wheelbarrow full of printed currency]]

The early years of [[Weimar Germany]] were characterized by hyperinflation, which was caused when the government started [[printing money]] since it was low on cash, in part due to [[reparation]] payments. Workers were paid daily, and sometimes twice daily, in wheelbarrows of cash. The value of the German mark went from 4 to the dollar to over 1 trillion to the dollar at the peak of the inflation in 1923.The [[Beer Hall Putsch]] of [[Adolf Hitler]] largely was a reaction to the government's hyperinflation policy.

==Zimbabwe's hyperinflation==

==Zimbabwe's hyperinflation==

The Government of [[Zimbabwe]]'s chaotic land reform program, recurrent interference with the judiciary, and maintenance of unrealistic [[price control]]s and [[exchange rate]]s have led to a sharp drop in investor confidence. Since 1999, the national economy has contracted by as much as 35%; [[inflation]] vaulted to [[hyperinflation]] of over 7,634.8% (year on year) in July 2007; and there have been persistent [[shortage]]s of [[foreign exchange]], [[fuel]], and [[food]]. Direct foreign investment has all but evaporated. In a desperate attempt to control inflation, the government forced firms and [[supermarket]]s to reduce prices by half in July 2007, which resulted in severe shortages of basic [[goods]] and other [[commodities]].

The Government of [[Zimbabwe]]'s chaotic land reform program, recurrent interference with the judiciary, and maintenance of unrealistic [[price control]]s and [[exchange rate]]s have led to a sharp drop in investor confidence. Since 1999, the national economy has contracted by as much as 35%; [[inflation]] vaulted to hyperinflation of over 7,634.8% (year on year) in July 2007; and there have been persistent [[shortage]]s of [[foreign exchange]], [[fuel]], and [[food]]. Direct foreign investment has all but evaporated. In a desperate attempt to control inflation, the government forced firms and supermarkets to reduce prices by half in July 2007, which resulted in severe shortages of basic [[goods]] and other [[commodity|commodities]].

==Bibliography - Further Reading==

==Bibliography - Further Reading==

* [[Peter Schiff|Schiff, Peter D.]], ''[https://www.amazon.com/Real-Crash-Americas-Bankruptcy-Yourself/dp/1250046564 The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country]''. Hardcover: 464 pages. Publisher: St. Martin's Press; Second Edition, Revised edition (April 8, 2014). ISBN-10: 1250046564. ISBN-13: 978-1250046567. Mr. Schiff has fully revised and updated his provocative [[New York Times]], [[Wall Street Journal]], and [[USA Today]] [[:Category:Best Sellers|bestseller]] ''The Real Crash''. Amazon.com says, "First published in 2012, The Real Crash argues that America is enjoying a government-inflated [[economic bubble]], one that reality will explode...with disastrous consequences for the economy and for each of us."

* Peter Schiff|Schiff, Peter D., ''[https://www.amazon.com/Real-Crash-Americas-Bankruptcy-Yourself/dp/1250046564 The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country]''. Hardcover: 464 pages. Publisher: St. Martin's Press; Second Edition, Revised edition (April 8, 2014). ISBN 1250046564. ISBN 978-1250046567. Mr. Schiff has fully revised and updated his provocative [[New York Times]], [[Wall Street Journal]], and [[USA Today]] bestseller ''The Real Crash''. Amazon.com says, "First published in 2012, The Real Crash argues that America is enjoying a government-inflated [[economic bubble]], one that reality will explode...with disastrous consequences for the economy and for each of us."

* [[Michael Snyder|Snyder, Michael]], ''[https://www.amazon.com/gp/product/1484871308 The Beginning Of The End]'', [[The Economic Collapse Blog]]. Paperback: 442 pages. Publisher: CreateSpace Independent Publishing Platform (May 15, 2013). ISBN-10: 1484871308, ISBN-13: 978-1484871300.

* Snyder, Michael, ''[https://www.amazon.com/gp/product/1484871308 The Beginning Of The End]'', The Economic Collapse Blog. Paperback: 442 pages. Publisher: CreateSpace Independent Publishing Platform (May 15, 2013). ISBN 1484871308, ISBN 978-1484871300.

==External Links==

==See also==

* [[Michael Snyder|Snyder, Michael]], [http://theeconomiccollapseblog.com/archives/category/financial-markets TheEconomicCollapseBlog Financial Market Collapse], [[The Economic Collapse Blog]], 2015.

*[[Andrew Yang]]

 

* Snyder, Michael, [http://theeconomiccollapseblog.com/archives/category/financial-markets TheEconomicCollapseBlog Financial Market Collapse], The Economic Collapse Blog, 2015.

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[[Category : Economic Preparedness]]

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[[Category : Inflation]]

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[[Category : Economics]]

[[Category:Economics]]

[[Category : Finance]]