Monday, December 16, 2013

Past Hyperinflation in France vs Current Hyperinflation in Venezuela

It is interesting to look at articles about past hyperinflation in France and how similar these are to current articles about hyperinflation in Venezuela

In both cases the government deficit was being financed with new money and that was the true cause of the hyperinflation.   In both cases the government blamed shop keepers for rising prices.  In both cases shops were basically robbed with government approval.   In both cases shops had to shut down as they could not operate at the prices they were allowed to charge.

Even in the days of the Internet, the average person just does not understand hyperinflation.

3 comments:

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