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Steve Hanke on Hyperinflation, Currency Boards, and the COVID Lockdown Debacle

The Human Action Podcast

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Understanding Hyperinflation and Currency Boards

This chapter explores the nature of hyperinflation as a monetary phenomenon, emphasizing the role of currency boards in stabilizing economies. With examples from countries like Hong Kong and Argentina, it highlights the benefits and downsides of implementing such systems. Additionally, the chapter examines historical cases of hyperinflation and the methodologies used to measure inflation rates, underscoring the importance of sound monetary policy.

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