Hyperinflation (runaway inflation)
Unless otherwise defined, a reduction in the purchasing power of money of more than fifty percent per month. This corresponds to an annual inflation rate of 12,875 percent. – Financial history teaches beyond doubt that any hyperinflation – disrupts a state, – sets the country back economically and socially – often for several decades, even generations, and – in almost all cases paves the way for dictatorship and wars. – See monetary surrogates, hyperinflationary country, inflation, galloping, inflation risk, emergency money, sovereign debt repayment, payday rule, tariff surcharge.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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