Would you believe that in 1923 Germany a loaf of bread cost 200 - TopicsExpress

Would you believe that in 1923 Germany a loaf of bread cost 200 billion marks? That is a real-life historical example of hyperinflation – when a country experiences extremely high and rapidly accelerating rates of inflation. “For a sense of the impact on the local population, imagine the value of your bank accounts in dollars and then move the decimal point 22 places to the left. Then try to buy something,” writes Steve H. Hanke of the CATO Institute. What are the five most extreme cases of hyperinflation ever recorded? And just how extreme were they? Find out in todays blog.

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