>>This smacks of outright detached privilege only HNers can conjure up from its ivory tower, go to countries that suffer from hyperinflation and still suffer from severe capital controls after that period all of which prevent wealth creation before you make such a claim.

Hyperinflation is merely the symptom. If you think you can cure a failed state by treating it's symptoms you are just going to make things worse through ignorance.

>What you have just said is just beyond belief and I cannot seriously take what you say serious.

The unfortunate reality is that the problems lie much deeper than in just something as irrelevant as the currency.

Think about it. If you can buy 10kg of laundry detergent for $1 how come that country didn't simply export its ultra cheap products and grew its economy that way? You know, like China. Why is China different? It's easy. China had competition in Hong Kong and an easy model to copy and most importantly, the government did copy the working model and invested into a capitalist China.

Here's the thing. Governments can make and break their countries. A crappy deflationary currency will never achieve anything.