Hyperinflation Explained in One Minute

yes money can indeed become worthless
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Zimbabwe is the most popular recent
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example of hyperinflation believe it or
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not they even printed a 100 trillion
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dollar bill earlier in the 20th century
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the same thing happened to Germany after
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World War 1 and historic examples abound
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how can something this dramatic happen
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you need to understand that money is
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just paper or numbers on a screen
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it only has value if people accept it as
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a medium of exchange in other words you
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only accept money for your goods or
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services because you know others will do
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the same now let's assume a revolution
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takes place in your country and those
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who take over print lots of mine then
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hand that money to everyone at the
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beginning people might be tempted to
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celebrate but eventually too much money
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will end up chasing a limited number of
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goods and confidence will disappear a
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loaf of bread can go from costing one
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unit of currency to costing a trillion
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eventually no matter how many zeros you
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add to a bill nobody will want it the
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end