Coming on the heels of Polifrog's previous post is a post by Ganzalo Lira in which he argues that hyperinflation was not just more inflation, but it is, at its root, a loss of faith in a currency. The piece below is a "hands on" description of the macroeconomic arguments he put forth in this previous post on the same topic. Read them both.
Gonzalo Lira:
What I do know is, One, a hyperinflationary event will happen, following the crash in Treasuries. Two, commodities will be the go-to medium for value storage. Three, all asset classes will collapse in short order. And Four—and most importantly—civil society will not collapse along with the dollar. Civil society will stumble about like a drunken sailor, but eventually right itself and carry on with a new normal.
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