Macro Musings with David Beckworth cover image

Bryan Cutsinger and Louis Rouanet on the Politics and Dynamics of Hyperinflation in Revolutionary France

Macro Musings with David Beckworth

00:00

The History of Hyperinflation

After the French Revolution, economists started to say that when people expect inflation, velocity is going to increase quite a bit. Henry Fonten in England and Jean-Baptiste wrote his treatise on political economy. It's like, look, if people expectflation, then prices are going to rise at a faster rate than just the rate of growth of the money supply.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app