The most common reason for hyperinflation is that the productive capabilities of society has gone down the crapper. That mean everyone is a loser. Some more than others, but even the debtors are losers in that situation.
> The most common reason for hyperinflation is that the productive capabilities of society has gone down the crapper. That mean everyone is a loser.
Correction: The most common reason for hyperinflation is that the productive capabilities of the local economy has gone down the crapper. That mean everyone entirely dependent on the local economy is a loser. But, in the places where hyperinflation has occurred, it's not uncommon for elites to have significant foreign investments.
I don't know if Argentina counts as hyperinflation. But that's not really the case there. Nor was it in Zimbabwe. Venezuela's hyperinflation was just due to the price of oil dropping ~50%, and the government being completely irresponsible.
Correction: The most common reason for hyperinflation is that the productive capabilities of the local economy has gone down the crapper. That mean everyone entirely dependent on the local economy is a loser. But, in the places where hyperinflation has occurred, it's not uncommon for elites to have significant foreign investments.