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Palairet attributes its length to the fact that Greece’s governments in this era made no effort to tax and were consistently able to print as much money as they needed for finance. Opposing Palairet’s study, other scholars calculate that the Greek hyperinflation lasted only for most of 1943 and 1944, with several others lasting longer.
The banking authorities, whether central or not, "monetize" the deficit, printing money to pay for the government's efforts to survive. The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old ...
In Germany between the two world wars, inflation rose to such a point in the early '20s that a loaf of bread cost a million or more marks. Cities and townships printed their own money in a ...
[50] [51] Potential causes of the hyperinflation include heavy money-printing and deficit spending. [52] In April 2013, the month Maduro took office, the annual inflation rate was 29.4%, only 0.1% less than the rate in 1999 when Hugo Chávez took office. [53] [54] By April 2014, the annual inflation rate was 61.5%. [55]
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The Federal Reserve is pushing on a string. It seems that no matter how much money it prints, it just can't seem to get inflation going. Since the financial crisis began nearly five years ago, the ...
The central banks who buy government debt, are essentially creating new money in the process to do so. This practice is often informally and pejoratively called printing money [1] or (net) money creation. It is prohibited in many countries, because it is considered dangerous due to the risk of creating runaway inflation.
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