New Evidence Expands the History of Hyperinflation

Hyperinflation is perhaps the best way to destroy a nation, short of bombing it. While it’s uncommon, new scholarship shows that hyperinflation has ravaged economies at least 71 times throughout history, which is more than monetary interventionists care to admit.

The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

I know that hyperinflation of the US dollar seems like a remote possibility, but alerting yourself to the possibility of a phenomena can improve your understanding of the phenomena and related issues, allow you to make cautionary considerations, and permit yourself to be psychologically toughened to the entire class of remote, but dangerous, events. During the actual occurrence of such phenomena fear and paralysis can occur. Therefore, prior rational thought, learning, and action can help displace such paralysis and make you better prepared to act in the real world.

At Minor Issues I have examined such things as the possibility of bull markets in monetary metals and commodities, black swans in the stock market, skyscraper curses, the reversal in the long run trend in interest rates, and of seemingly unlikely hyperinflation of the US dollar. Such events are not considered or are only considered minor issues in the mainstream media. I place a great deal of importance on such issues for their real-world educational value.