Hyperinflation is that transition period when a paper money is clearly failing as a store of value but has not yet died as a medium of exchange. This blog is to look at this and any other interesting economic issues. Vincent Cate
Tuesday, February 23, 2016
All you need to know
People think central banks have "lots of different tools to work with" but really they have one trick, they can make more money. The details on on how they do the trick, the words, and the smoke, can change, but at the end of the day their only "secret weapon" is making more money. If the only tool you have is a hammer, you treat every problem as if it were a nail. If you try to fix your car, or the economy, with a hammer, it probably won't be a happy ending.