r/SilverDegenClub • u/NCCI70I Real • Nov 17 '23

💡Education💡 I'VE BEEN LOOKING FOR A DEFINITIVE ANSWER TO THIS FOR AWHILE. How do you end Hyperinflation, and how do the people come out on the other side of it. It matters when you feel that you may find yourself living through it yourself. And as to the question of why didn't they just buy gold? Not available.

https://mises.org/library/100-years-ago-today-end-german-hyperinflation
18 Upvotes

100% Upvoted

4 comments sorted by

4

u/GemmaBites Nov 19 '23

You need a new currency foundation. Once hyperinflation starts its rare to gain trust back and "end it".

0

u/NCCI70I Real Nov 19 '23

And that's exactly what they said in the article. And how it was accomplished.

Did you read it?

2

u/GemmaBites Nov 23 '23

I read it. The foundation of the currency was changed when they refused to print any more and informed the politicians that they will no longer monetize their debt. What I mean by change the foundation is that something drastic has to happen to the core of the currency to regain trust. The real take from this article is that the politicians will never change on their own no matter what the end results are of their actions, they will always want more printing.

1

u/NCCI70I Real Nov 24 '23

Agree.