' Wrote:Five percent a week is not catastrophic. It's unheard of for any country still able to function.
In twenty weeks one's savings would be halved. In fourty weeks, quartered. Not to mention the effect this would have on debts owed to banks, who would quickly find themselves insolvent, or on the interest rates any sane company would charge.
Every real-world example of hyperinflation inevitably ends in the complete collapse of the government presiding over.
End of story.
p.s except in certain cases with fledgling governments that then get subsumed into a reform/new government by the same people.
This isn't really true
Russia, which I mentioned before, averaged 175% pa for 20 years (1990-2010), this is in the same ballpark. Russia did ok.
I got bored of trying to wiki real world examples of hyperinflation, but the worst two didn't result in the complete (or any) collapse of the government presiding over.
