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Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending.
Original Article: How a Trickle Can Turn into a Flood
By Mises Institute4.7
9393 ratings
Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending.
Original Article: How a Trickle Can Turn into a Flood

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