Money by Michel Aglietta
Author:Michel Aglietta
Language: eng
Format: mobi, epub
Tags: Social Science, History & Theory, Anthropology, Political Economy, Political Science, Cultural & Social
ISBN: 9781786634436
Publisher: Verso Books
Published: 2018-10-23T05:44:10.298755+00:00
TWENTIETH-CENTURY HYPERINFLATION CRISES
Hyperinflation is an extreme phenomenon that leads to the destruction of the official currency. It can only be halted by monetary reform that establishes new rules and, in doing so, re-establishes the sovereignty of the state. Money only disappears when it can no longer be used to make payments, when its power to purchase goods is reduced to zero. Hyperinflation is the process whereby this phenomenon takes place locally, in the monetary system of some particular nation.
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