Inflation. Hyper-inflation.
- Absent from the attached chart are Zimbabwe 2008-2009 when inflation was calculated to hit 79.6 billion percent, and Venzuela who's inflation rate reached 6,147% in February 2018.
"It can't happen here" and/or "it's different this time"...
until it does happen (and it has many times, in many places) and, no, it's not 'different' this time, just variations on the same theme.
- With fiat currency a wheelbarrow can become your wallet.
Voltaire nailed it with his intrinsic value remark
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvLQcscVvYikvcPjdaKUffT9rTYJfR0EDxJJfyjp6fDGhtbX_rgDC2rm4vt_K_k70cqgEtB44EHQgkgipUPO9Ai4vtUc58Pn8lWIU9u6pq2MCQZNjRCv1nZV7Nxq59ZdVZ53W9Lp5eunV9/s280/fiat-currency.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIpbhel4i_RIR5EoNiLfxBkyypanU00iHod5nyto2alRmkutZrcg4CvEGAnqAEjUHfWHyj3xHd9nlupZcJhmvNtKW7_T_M10eTdqgUwodhqCOmbhAVKtr1gJch_31O64R_A687-92uy_CF/s280/hyperinflation-can%2527t+happen+here.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjp1kuJEMp1OTm2aOtglajCUSjYEH2zp0WkfXAVP0uA_Iehx3FWCzj4_Ecy-azCvZaQIzTvgUzbXwIu2dFxSjUQkaShyphenhyphenUJERz2wBLmkrnHPzLMUD-yt6FtA6tg8AIGQvqRMA1YnACnTvKhD/s280/weimar-wheelbarrow+becomes+wallet.jpg)
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