Added: Dec 1, 2008
From: yogiudo
Duration: 10:58
Value III, 3rd part of my value & money series. Discussing hyper-inflation, coins, silver, gold, foreign currencies. Deflation, money, Austrian school of economics.
Channel: People
Tags: 3rd alex austrian coins currencies. deflation discussing economics finance foreign gold hyper-inflation iii jones modern money my mystic of part school series. silver value
Rating: 5.00 (3 ratings) Views: 154 Comments: 1
yogiudo Says:
Dec 1, 2008 - Thanks for the note - yes - I think I was suggesting that similar to a ring in a tree, you could see the "scar" of a bout of hyper-inflation.Not sustained inflation.
slipcurve Says:
Dec 1, 2008 - Hyper inflation doesn't mean that the currency's single unit is low in value compared to other currencies, it means that it's low in value compared to itself in recent history. Usually hyper inflation means that the value doesn't stop falling.It doesn't matter if all the paper says numbers like 100k units if that is stabile. If it's stabile, nobody cares about the extra zeroes. The key issue here is the change in value, because everything is relative.I know you know, I'm just clearing it up.