"I read that somewhere."
I don't even know what "tend towards" is supposed to mean, but hyperinflation is incredibly rare.
I don't even know what "tend towards" is supposed to mean, but hyperinflation is incredibly rare.
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I think it was relating to fractional reserve banking and the application of interest in that system.
We create the money, but not the money to pay the interest, hence more money printing and more interest etc
Spiral
Inflation happens and is actually good for the economy, as long as it's moderate, but there doesn't seem to be any real trend towards hyperinflation
Like in the US, and Europe post-covid and with the situation in Ukraine? Borrowing/money-printing seems very excessive lately
What’s the monthly cost of interest repayment for the US?
Admittedly I’m in IT and this is not my field 😄
There was inflation post-covid, but it's largely dropped back to desired levels. No hyperinflation spiral.
Although, is it problematic that the current system requires infinite economic growth in a finite world, as we chase the interest payments?
Or have I been doom scrolling too much? 😄