by Mike ‘Mish’ Shedlock
I make the case hyperinflation is really a political event, not a monetary one.
The title of this post will raise eyebrows. I suspect some will skip reading this article simply because of the title.
After all, every hyperinflation in history has been accompanied by massive monetary inflation.
The key word is “accompanied”. But accompany does not imply cause.
Q: What is hyperinflation?