Quote:
Originally Posted by Luckbox Inc
Everything that I've read about hyperinflation has stated that once it starts, that it is very hard to escape from. I'm not saying you're wrong because I have no idea, but it goes against everything I've read on it. Obviously it does have to end in one way or another and I'm not sure what the state of it is now. I know they lopped off like 5 zeroes from their currency sometime back but I would assume that is just a cosmetic thing so people don't have to use bricks of cash to buy bread.
Surprisingly, at least in recent times, hyperinflation can be dealt with IF you get a responsible government that has a credible plan to get out of it.
Probably the two primary examples would be Germany after WWI, where you went from a mark being worth about 25c to needing 4200000000000.00 marks to equal a dollar. The Hungarian hyperinflation was even worse; from a stating point of about 5 pengos to a dollar, at a max the conversion was 460000000000000000000000000000 to one.
In both cases, things got squared away in a couple of months once a new currency was issued. Makes for a lot of interesting stamps though (I'm a collector) Of course, pretty much everyone got crushed financially.
OTOH, you can go the Zimbabwe route and just keep printing money. That turns out not to work.
MM MD