Hyperinflation - It's More than Just a Monetary Phenomenon
9 Pages Posted: 30 Mar 2011 Last revised: 17 May 2013
Date Written: March 30, 2011
In this paper I will argue why the common misconception that “inflation is always and everywhere a monetary phenomenon” cannot be used to explain most historical hyperinflations. I will argue that “money printing” is often the response to exogenous and unusual events and not the direct cause of the hyperinflation.
Keywords: hyperinflation, monetary
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