#Hyperinflation: currency tranquility occurred during the heyday of the #gold standard. With the emergence and adoption of fiat currencies, the 20th century ushered in currency instability and #inflation.

The first hyperinflation occurred during the French Revolution (1789-96) when the mandat collapsed and the monthly inflation rate peaked at 143% in December of 1795. More than a century elapsed before another episode of hyperinflation occurred. Not coincidentally, this period of currency tranquility occurred during the heyday of the gold standard. With the emergence and adoption of fiat currencies, the 20th century ushered in currency instability and inflation. Indeed, since 1900 there have been 57 episodes of hyperinflation. And, five of those episodes can be claimed by Yugoslavia, Zimbabwe, and Venezuela. 

Read the article here: The Three M's: Milosevic, Mugabe, And Maduro
https://www.forbes.com/sites/stevehanke/2019/05/13/the-three-ms-milosevic-mugabe-and-maduro/

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