Posts by tag: inflation

What happens if inflation is 50 percent per month?

Inflation at 50 percent per month would be an absolute nightmare for any economy. It would mean that the prices of goods and services would skyrocket, making it extremely difficult for people to afford even the basic necessities. Savings would become virtually worthless, and the value of money would plummet, leading to a severe loss of purchasing power. This kind of hyperinflation could potentially result in social unrest and a complete collapse of the economic system. I can't even imagine the chaos and struggles people would have to face in such a scenario.

  • Apr, 27 2023