How horrible can inflation get? The year is one thousand nine hundred and nineteen. After the First World War, Germany printed money non-stop. The result was hyperinflation. Prices began to rise sharply. The German currency was losing twenty-three percent of its value every day. One US dollar was equivalent to forty-eight German marks, but in just four years it had risen to, wait for it, four point two trillion marks. People started to go shopping with sacks full of money, and the price of a product increased even before it was unpacked. Inflation rose to thirty thousand percent. Money was so worthless that it was burned in stoves. So printing money is not a solution but a disaster. At first you will be happy to see your wallet bulging. But after a while, what you will take with you when you go shopping will be more than a wallet.
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How High Can Inflation Rise? / Germany Hyperinflation
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