http://howfiatdies.blogspot.com/2013/09/hyperinflation-explained-in-many.html
Hyperinflation is part of the experimental data that any good economic
theory should be able to explain. There are many different economic
schools of thought and they often have very different views of
hyperinflation. I am trying to collect as many different explanations
here as I can. I think it is fun to be able to understand this problem
from many different angles. If you know of any other explanations, then
please post them in the comments. A good explanation should account
for the sudden arrival of hyperinflation, that it often accelerates,
that it can go on for years, that it is very hard to stop, but that
sometimes it is stopped by balancing the government budget.
The biggest flaw in most people's understanding of hyperinflation is
that they think if we have low inflation now we are safe for a long
time. As you read through each explanation, try to imagine how fast
things could switch from low inflation to hyperinflation.
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