Inflation and Hyperinflation
An eternal characteristic of inflationary processes is scarcity or a violent drop in production. This is exactly the opposite of what we have been and continue to be taught. Inflation and hyperinflation have a relevant impact on investing performance. In the first part of this chapter, we examine what constitutes inflation and some counterintuitive aspects of it. In the second part, we address the less known dynamics of hyperinflation and discuss the contemporaneous example of Argentina.
KeywordsInflation Hyperinflation Quasi-fiscal deficit Neutrality of money Central banks Argentina Lebacs
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