Re:The hyperinflation gallery
by dragonwriter on Monday September 19, 2022 @10:41AM
(#32898972)
> It's actually fiat money that makes it possible to escalate conflicts to such a disastrous level in the first place.
Yes, one of the failure modes of commodity/representational currencies is that in emergencies—natural.or artificial, war or peace—your state and economy collapse before they would run the risk of hyperinflation with fiat money.
That's one of the reasons those systems have been abandoned generally. (Oddly, goldbugs see this as a selling point of commodity currency.)
Yes, one of the failure modes of commodity/representational currencies is that in emergencies—natural.or artificial, war or peace—your state and economy collapse before they would run the risk of hyperinflation with fiat money.
That's one of the reasons those systems have been abandoned generally. (Oddly, goldbugs see this as a selling point of commodity currency.)