Hyperinflation and The Importance of Cryptocurrencies

Inflation is the term for rising prices, while deflation describes prices falling

Hyperinflation is the word used to describe prices spiralling out of control, together with the plunging of currency values, causing consumers to need huge quantities of money to buy food and everyday essentials

Ideally prices should always go together with supply and demand

Hyperinflation occurs when prices rise so wildly that holding cash becomes the most irrational action

Germany, 1923: children making paper castles out of bundles of banknotes

Griny

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