Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending.

Original Article:&nbsp;<a href="https://mises.org/wire/how-trickle-can-turn-flood" target="_blank">How a Trickle Can Turn into a Flood</a>

Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending. Original Article: How a Trickle Can Turn into a Flood{ai:summary}<p>Governments printing money for deficit spending led to smaller bouts of inflation that eventually caused infamous hyperinflations like Germany in 1923. #economy</p>

How a Trickle Can Turn into a Flood

Loading...