[talmand]

"Those who cannot remember the past are condemned to repeat it." -George Santayana

But I guess there's an element of "they did it wrong, we'll do it right" or "it'll work for us this time" or "this time is different because of x" and so on.

[corpMaverick]

It is probably out of the desperation. Hoping for a miracle.

They don't realize until it is too late that is much, much easier to avoid Hyperinflation (by having responsible policies) than to fix it.