The Mystery of Inflation (Pocketbook Pain!)
Jimmy Akin's Mysterious World
00:00
History of Hyper Inflation
Hyper inflation happens whenever a government pursues the policies that cause it. Other cases of hyper inflation include france in the late 17 hundreds, austria and hungary and the soviet union in the 19 twenties. The largest denominated bill of paper money that was ever printed was the 100 quinti an pango note.
Play episode from 21:56
Transcript
Listeners have noticed that when Jimmy Akin mentions how much something cost in the past, he says it's due to "inflation the government has caused." Now he and Dom Bettinelli are going to explain why he says that, what inflation is, why it happens, and why Jimmy says the government is responsible.
