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May 11, 2011

Highest inflation cases in history

In a new paper published by the Cato Institute, economics professor Steve Hanke lists the all-time worst episodes of hyperinflation:

(click for full image).

Note that Hungary's daily inflation rate was ten times greater than that in Weimar Germany, and prices doubled almost six times faster in Hungary than in the Weimar Republic.

Life in Weimar Germany was extremely difficult. But Hungary in 1946 was a lot worse.

1 comment:

Route said...

Great perspective on the interesting table. You might enjoy watching a related video on the subject of hyperinflation and the national debt that was just released called "Route Causes." Route Causes, follows the animated adventures of a traveling news crew, providing comedic perspective on current events.