We had close friends growing up who were originally from Argentina during that time period in the early 90s, they were clearly traumatized by it. They told stories of raising chickens for eggs, and goats for milk/cheese/food, and the father credited that as the only reason they made it. Their stories left a real impression on me growing up.
I ended up doing a lot of research during my college years. By definition hyper-inflationary is >50%/month, but it always lags and government isn't incentivized to keep it accurate.
Year over year stateside is relatively tame in comparison except its not going to taper off as long as they keep printing increasing amounts of money.
The Fed also broke banking when they departed from fractional banking in 2020 by setting the required deposits to 0% and went with capital requirements which use Basel III (counting capitalization on the stock market as backing deposits), which as we've seen with FRC, stock market exposure for banks in general is a bad idea.
I ended up doing a lot of research during my college years. By definition hyper-inflationary is >50%/month, but it always lags and government isn't incentivized to keep it accurate.
Year over year stateside is relatively tame in comparison except its not going to taper off as long as they keep printing increasing amounts of money.
The Fed also broke banking when they departed from fractional banking in 2020 by setting the required deposits to 0% and went with capital requirements which use Basel III (counting capitalization on the stock market as backing deposits), which as we've seen with FRC, stock market exposure for banks in general is a bad idea.