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How Hyperinflation Destroys Much More Than Just Currencies

How Hyperinflation Destroys Much More Than Just Currencies

To call hyperinflation strictly an economic problem is to overlook its wrenching cultural implications and a general collapse in a system of values.

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Virginia Heffernan
Jan 29, 2021
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Magic + Loss
Magic + Loss
How Hyperinflation Destroys Much More Than Just Currencies
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IN NOVEMBER 1923, there were 4,210,500,000,000 German marks to the dollar. 4.2 trillion. In lay economics, 1 : 4.2 trillion equals worthless.

Such a ruinous currency devaluation exacts steep psychic tolls. Like a startup expensively acquiring users on a thin promise of future monetization, Germany had one operating principle during World War I: hubris. P…

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