Quotes About Hyperinflation

In hyperinflation, a kilo of potatoes was worth, to some, more than the family silver; a side of pork more than the grand piano. A prostitute in the family was better than an infant corpse; theft was preferable to starvation; warmth was finer than honour, clothing more essential than democracy, food more needed than freedom.

Look at the Weimar Republic and their hyperinflation in the early '20s. It didn't happen overnight. I've used the analogy, it's a lot like soybeans: you plant 'em, you wait. Conditions take some time. You need some sun; you need some water, but ultimately things start to grow, and are we in that phase or not?

Table 9.1 shows the soaring number of Reichsmarks needed to buy one US dollar, which indicates the trend in consumer inflation in Weimar Germany preceding and during its hyperinflation. Note

Old enough to remember the arrival of 'Have a nice day', Patrick could only look with alarm on the hyperinflation of 'Have a great one'. Where would this Weimar of bullying cheerfulness end? 'You have a profound and meaningful day now.

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.

Pocas plagas socavan tanto una sociedad como la hiperinflación, y el premio político para el que pudiese acabar con ella era enorme.

It was not the Great Depression that brought the Nazis to power in Germany but rather hyperinflation, which destroyed the middle class by making its savings worthless.

Hyperinflation is the worst economic malady that can befall a nation. It wipes out the value of money, savings, assets, and thus work. It is worse even than a deep recession. Hyperinflation robs you of what you have now (savings), whereas a recession robs you of what you might have had (higher standards of living if the economy had grown).

In the late 1990s, Mugabe's misguided policies sent our economy and agricultural productivity, our country's lifeblood, plummeting into the abyss. To make up for the financial shortfall, his regime attempted to print its way out of the mess, immediately resulting in inconceivable hyperinflation, topping out at 231 million percent.

Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%.

The wads of worthless paper money were growing heavier in the pockets of the nation, but there was less and less for that money to buy. In September, a bushel of wheat had cost eleven dollars; it had cost thirty dollars in November; it had cost one hundred in December; it was now approaching the price of two hundred—while the printing presses of the government treasury were running a race with starvation, and losing.

Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.

En junio de 1922, con un marco se podían comprar dos cigarrillos; con doscientos setenta y dos marcos, un dólar americano. En marzo de 1923, el mismo día en que Paul metió al descuido una patata de más en la bolsa de la señora Schmidt, hacían falta cinco mil marcos para comprar un cigarrillo, y veinte mil para entrar en un banco y salir con un reluciente billete de un dólar.

Inflation had risen to the unimaginable figure of just over 100,000 percent by the end of 1947--and it was to go to 2,870,000 percent by the end of 1948...

Commodity money solves the hyperinflation problem. No government can produce huge new quantities of gold, silver, or mackerel.

En ambas economías el caos fiscal se aunaba con la inflación rampante, que en Alemania evocaba la hiperinflación de 1923.Y ¿no había sido Hitler el «hijo adoptivo de la inflación»?88

Como decía Milton Friedman, la inflación es un fenómeno monetario. Pero la hiperinflación es siempre y en todas partes un fenómeno político, en el sentido de que no puede producirse sin una disfunción fundamental de la economía política de un país.

Stocks actually can be a very good hedge against inflation, and short of hyperinflation, stocks will have the ability to increase their dividends to match the rise in prices.

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.

When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis.

Bolivia was the first country to stop hyperinflation in a democracy without depriving people of their civil rights and without violating human rights.

History teaches us that people from different religions and ethnic groups can be united around one economic goal; equality and prosperity for all. We saw that in the rise of the communist USSR. When the economic policies of the USSR failed, ethnic and national divisions took the forefront and the USSR's was dissolved. That could happen to the US if we are hit by hyperinflation or currency collapse. No country is above the socioeconomic laws, US included.