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by littlestymaar
1676 days ago
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TIL there were hyperinflation episodes in Europe during the middle age (not). You have never read a book of economic history (or even just history) right? For the record: most of inflation comes from rising costs in the supply chain (from supply issues, resources scarcity and/or wage raises). This is where we are now. There exists instances of hyperinflation related to debt (Weimar republic's for instance) but this was due to debt labelled in a foreign currency (basically gold in this case). |
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