hyperinflation

A Short History of Fiat Currency Failures: 9 Currencies That Have Collapsed

zimbabwe-dollars

Fiat currency is an attractive thing for a government. They can use it to transfer wealth from the future to the present and therefore they can spend beyond their means. Taxation and borrowing have limitations, but creating new units of currency is a much easier method of government financing. Unfortunately for governments there is one […]

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The Rentenmark: How Hyperinflation Was Solved In Germany [And 6 Lessons You Can Learn From It]

The story of the Weimar hyperinflation is a familiar one. But do you know what the rentenmark was and how it worked? Germany, like the other European powers, suspended the gold standard at the outbreak of World War One in 1914, abandoning the goldmark for the papiermark. By losing the war she suffered a greater

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How A Financial Crisis Caused The French Revolution [And 3 Lessons You Can Learn From It]

A financial crisis caused the French Revolution when the debt laden state, in political gridlock, abandoned sound money for one of the world’s most destructive paper money experiments. This act triggered a chain of events that unleashed revolutionary forces that led to the downfall of the monarchy and a complete restructuring of French society and

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