## When Monetary Policy Goes Out of Control: A Deep Dive into Extreme Inflation Phenomena
### What is hyperinflation and its consequences
In the global economic system, price increases are a common phenomenon. Typically, governments and financial institutions coordinate to regulate price increases to ensure stable economic growth. However, there have been several historical periods when the speed of price growth surpassed all expectations, leading to a sudden collapse of currency value and a sharp decline in purchasing power. Economist Philip Kagan clearly points out in his work "The Monetary
### What is hyperinflation and its consequences
In the global economic system, price increases are a common phenomenon. Typically, governments and financial institutions coordinate to regulate price increases to ensure stable economic growth. However, there have been several historical periods when the speed of price growth surpassed all expectations, leading to a sudden collapse of currency value and a sharp decline in purchasing power. Economist Philip Kagan clearly points out in his work "The Monetary
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