Hyperinflation is generally associated with PAPER MONEY because this can easily be used to increase the money supply: add more zeros to the plates and print, or even stamp old notes with new numbers. Historically there have been numerous episodes of hyperinflation in various countries, followed by a return to "hard money". Older economies would revert to hard currency and barter when the circulating medium became excessively devalued, generally following a "run" on the store of value.This is a picture from Germany in 1923 when hyperinflation caused the value of the mark to crash to the point where it was regarded as worthless and in this home was used as wallpaper.
NOTGELD PAPER MONEY AND HYPER INFLATION GERMANY AUSTRIA
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21 October 2009
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