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by jjk166
1772 days ago
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Hyperinflation is too much currency chasing too few resources, but currency is not the same thing as money. There are a whole bunch of nonlinearities because the value ascribed to a unit of currency does not instantly update when new money enters circulation and people speculate about long term behavior, but over the long term if you 100X the currency supply, a dollar is simply 1/100th the amount of money it used to be. |
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