[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:hyperinflation":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fhyperinflation.md","Hyperinflation",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-hyperinflation","Understanding Hyperinflation",[16,17,18],"p",{},"Hyperinflation usually follows governments financing large deficits by creating money, as in Germany in 1923, Hungary after World War II, and Zimbabwe in the late 2000s.",[16,20,21],{},"As confidence collapses, people spend money as fast as they get it, which raises velocity and accelerates inflation further. It typically ends only with a credible new monetary regime.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"economy","Extremely rapid inflation, often defined as prices rising more than 50% a month.","md",[],{},true,"\u002Fterms\u002Fhyperinflation",[35,36,37],"inflation","quantity-theory-of-money","velocity-of-money",{"title":6,"description":28},"terms\u002Fhyperinflation",[41,42,43],"Hyperinflation is typically defined as over 50% a month.","It is usually caused by printing money to fund deficits.","Ending it requires restoring monetary credibility.","sWx5DKM1JJ6olvu-_LfipOmv1IUIPYJHp3WMFHMs6vY",[46,50,54],{"title":47,"description":48,"path":49},"Inflation","The rate at which the general level of prices rises, eroding purchasing power.","\u002Fterms\u002Finflation",{"title":51,"description":52,"path":53},"Quantity Theory of Money","The idea that money supply times its velocity equals the price level times real output.","\u002Fterms\u002Fquantity-theory-of-money",{"title":55,"description":56,"path":57},"Velocity of Money","How many times a unit of money is spent on final goods and services in a period.","\u002Fterms\u002Fvelocity-of-money",1793374005208]