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Podcast: PRay TeLL, Dr. Hash
Episode: 1385 Hyperinflation
Description: The difference between inflation and hyperinflation is important because the former can go on indefinitely, though inconveniently, while the latter indicates the end of an economy. Hyperinflation is accelerating inflation. There’s also the smokescreen that the government uses to cover for inflation: for the past couple of decades, they show that the inflation rate has hovered around 2%, which it has for the things most people think of as everyday purchases. However, stocks have inflated tremendously because borrowing money was so cheap, but most people aren’t affected by the stock market. Big ticket items like houses & cars, have also been...