There have been a total of 62 recorded cases of hyperinflation, and in all cases, the underlying currency in the economy has failed, according to Steve Hanke, professor of applied economics at Johns Hopkins University.
“If you have hyperinflation, you can wipe out a currency and you can wipe it out fast,” Hanke told David Lin, anchor for Kitco News.
In some cases, like Hungary in 1945, it only took 15 hours for prices to double.
0:00 – Currencies that have failed
7:43 – The source of hyperinflation
12:45 – Hyperinflating economies today
18:30 – Policy to fix failed currencies
21:48 – Bitcoin as anchor currency?
26:35 – Can U.S. dollar fail?