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Starving Billionaires: The History of Inflation and HyperInflation: How Governments and People Battled the Last 10 Great Inflations
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.This quote, by a popular former US President, reflects the suffering of millions of innocent victims of runaway inflation and hyperinflation throughout history.
The reality of hyperinflations is exponential price increases, worthless currency, and food shortages. They are normally preceded by war, revolution, famine, or pandemics. In some cases, they are the results of decades of fiscal malpractice. Inflation has become a prominent subject of discussion in the United States and across the world.
There have been dozens of recorded hyperinflations in modern history. The most devastating hyperinflation happened just after World War II in one of the Axis powers when prices surged by 4.19 quintillion percent. One quintillion is one followed by 29 zeros. Prices doubled every few hours. The most recent hyperinflation episode has been happening in Venezuela since 2016. America has never had hyperinflation, but they came close twice. This book looks at ten prominent hyperinflations across history. We look at what led to the hyperinflation, the first troubling signs, and government malpractices. We also pay close attention to life for the common man, life for wealthy Government officials, and popular inflation hedges employed by people and businesses. Finally, we look at how the country attempted to solve the inflation problem and deleverage the currency.
Here's What's Included In this HyperInflation led to the rise of Hitler and World War IIHow HyperInflation led to the most significant Revolution in HistoryHow Ancient HyperInflations led to serfdom in the Middle AgesHow two Great US Inflations almost destroyed the country and its futureHow North Korea recently tackled HyperInflationCommon patterns among all HyperInflationsEven if you live in the most fiscally responsible country in the world, you will benefit from the information in this book
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The reality of hyperinflations is exponential price increases, worthless currency, and food shortages. They are normally preceded by war, revolution, famine, or pandemics. In some cases, they are the results of decades of fiscal malpractice. Inflation has become a prominent subject of discussion in the United States and across the world.
There have been dozens of recorded hyperinflations in modern history. The most devastating hyperinflation happened just after World War II in one of the Axis powers when prices surged by 4.19 quintillion percent. One quintillion is one followed by 29 zeros. Prices doubled every few hours. The most recent hyperinflation episode has been happening in Venezuela since 2016. America has never had hyperinflation, but they came close twice. This book looks at ten prominent hyperinflations across history. We look at what led to the hyperinflation, the first troubling signs, and government malpractices. We also pay close attention to life for the common man, life for wealthy Government officials, and popular inflation hedges employed by people and businesses. Finally, we look at how the country attempted to solve the inflation problem and deleverage the currency.
Here's What's Included In this HyperInflation led to the rise of Hitler and World War IIHow HyperInflation led to the most significant Revolution in HistoryHow Ancient HyperInflations led to serfdom in the Middle AgesHow two Great US Inflations almost destroyed the country and its futureHow North Korea recently tackled HyperInflationCommon patterns among all HyperInflationsEven if you live in the most fiscally responsible country in the world, you will benefit from the information in this book
Order Now
217 pages, Kindle Edition
Published July 10, 2021
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Displaying 1 - 4 of 4 reviews
December 21, 2022
yes it can happen here!
Paper dollars are now only about 15% of the dollars in circulation.
The rest are all digital. It’s almost impossible to determine how much is really out there. Unless you track prices.
Prices continue to increase with the digital money being added to the supply.
Paper dollars are now only about 15% of the dollars in circulation.
The rest are all digital. It’s almost impossible to determine how much is really out there. Unless you track prices.
Prices continue to increase with the digital money being added to the supply.
November 22, 2021
Adequate historical reporting
Does a great job of reporting on several tales of hyperinflation in US, Germany, France, China, North Korea, Zimbabwe, and other places.
I think it could have led to more synthesis of the causes of hyperinflation, how to prevent it and how to survive it.
Does a great job of reporting on several tales of hyperinflation in US, Germany, France, China, North Korea, Zimbabwe, and other places.
I think it could have led to more synthesis of the causes of hyperinflation, how to prevent it and how to survive it.
October 21, 2024
Vaguely understand currency 10% better after reading but not really ❤️
November 3, 2024
Had a good history of each country but I was looking for commonalities, which wasn’t the purpose of the book
Displaying 1 - 4 of 4 reviews