Hyperinflation
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Hyperinflation is an economics term. Hyper-inflation happens when an economy's inflation rate increases to very high levels. Hyperinflation refers to increased rates of 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 systems which depend on it.
See Also
- Economic collapse: Inflation, Agflation, Deflation, Stagflation, Hyperinflation (Zimbabwe and Weimar Republic)
Bibliography - Further Reading
- Rawles, James Wesley, How to Survive the End of the World as We Know It - Tactics, Techniques, and Technologies for Uncertain Times', New York: Plume/Penguin Books, 2009. Released September 30, 2009, 336 pages, ISBN-10: 0452295831, ISBN-13: 978-0452295834, Audible.com Audio book, Amazon.com Paperback.
- Rawles, James Wesley, Tools for Survival: What You Need to Survive When Youâre on Your Own. New York: Plume/Penguin Books, 2015. Released December 30, 2014, 368 pages, ISBN-10: 0452298121, ISBN-13: 978-0452298125, Reviews, Audible.com Audio book, Amazon.com Paperback.