## Hyperinflation is a financial collapse that changes lives
Every currency in the world experiences certain fluctuations in value – this phenomenon is called inflation. However, when this process goes out of control, when prices rise not by a few percent per year, but by hundreds or thousands of percent per month, then we are talking about a phenomenon that radically changes the economy of a country. Hyperinflation is a state when the purchasing power of a currency falls so rapidly that citizens stop using it.
Economist Philip Keegan in his work "The Monetary Dynamics of Hyperinflation" propo
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