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Why some countries print so much money that they experience hyperinflation?

What is hyperinflation?

Hyperinflation is when the prices of goods and services rise more than 50 percent a month.

Hyperinflation starts when a country's government begins printing money to pay for its spending. As it
increases the money supply, prices rise as in regular inflation. An increase in the money supply is one of
the two causes of inflation.

With too much money supply, prices also increases. Once the consumers realize what of what is
happening, they expect continued inflation. They spend more money to avoid paying a higher price later.
That excessive demand aggravates inflation. It's even worse if they stockpile goods and create shortages.

The most recent example of hyperinflation is in Venezuela. Prices rose 41 percent in 2013, 63 percent in
2014, 121 percent in 2015, 481 percent in 2016, 1,642 percent in 2017, 2,880 percent in 2018, and (a
projected) 3,497 percent in 2019. In 2017, the government increased the money supply by 14 percent. In
response, people began using eggs as currency to pay for it's spending.

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