The Consequences of Hyperinflation

All known cases of hyper inflation have occurred under a system of paper money. Frugal and povident people watch the value of their savings vanish into thin air. Inflation ata level has these kinds of effects. Savings and thrift seem less desirable when money is going to lose its value overtime. It makes more sense just spend right now while its value is at its height, before it loses still more value.