Yes, I have experienced hyperinflation. Fiat money is not an asset but a debt; it is worth only as much as the debtor's solvency. And in certain cases, that debtor can use it to eliminate their debts, although this also destroys their credibility.
Yes, I have experienced hyperinflation. Fiat money is not an asset but a debt; it is worth only as much as the debtor's solvency. And in certain cases, that debtor can use it to eliminate their debts, although this also destroys their credibility.
RE: Hyperinflation in the 1990s: 10 Billion Nikola Tesla Dinar Banknote (Serbia–Yugoslavia)