During Hyperinflation, How is the Public Made Aware of Lost Purchasing Power so Quickly?
In: Economics
Hyperinflation in the US is defined as 50% inflation rate, which has never happened in American history. We would probably all be made aware pretty quickly if that happened, given that $1 would be inflated to $18 in one year. Plus, the Republican party is already squawking over a single month of 4% (compared to last year when inflation was lower than expected), they would be sure to scream from every orifice they have about how Biden killed America.
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