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A comment on The hyperinflation gallery. Parent comment
Regardless of being officially pegged to gold this is where they went wild printing all new notes for which there was no physical backing.
Leaving their precious metal reserves more valuable to other countries than their own. They probably continued to hoard them anyway.
>Economies are complicated dynamical systems, I think we can all agree that there are many possible variables in the inflation equation.
No doubt about it, there's simultaneous equations for which solutions are not well-known, obvious, or forthcoming.
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Regardless of being officially pegged to gold this is where they went wild printing all new notes for which there was no physical backing.
Leaving their precious metal reserves more valuable to other countries than their own. They probably continued to hoard them anyway.
>Economies are complicated dynamical systems, I think we can all agree that there are many possible variables in the inflation equation.
No doubt about it, there's simultaneous equations for which solutions are not well-known, obvious, or forthcoming.