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The Inflationary Spiral: The Experience in China: 1939–1950 is a 1958 non-fiction book by Chang Kia-ngau. It was published by Technology Press of Massachusetts Institute of Technology . The progression of Chinese inflation, supply and demand issues, the unsuccessful attempts to combat such inflation, and possible takeaways from the fiasco ...
The Great Wave: Price Revolutions and the Rhythm of History is a scholarly work by historian David Hackett Fischer, published in 1996 by Oxford University Press.. Hackett Fischer identified three complete monetary waves in European history, each consisting of a price revolution, featuring high inflation, followed by a war crisis, followed by a new equilibrium.
His analysis used two rates: the market interest rate, determined by the banking system, and the real or "natural" interest rate, determined by the rate of return on capital. [20] In Wicksell's theory, cumulative inflation will occur when technical innovation causes the natural rate to rise or when the banking system allows the market rate to fall.
It can be read from the table that if the (annual) inflation is for example 100%, it takes about 3.32 years for prices to increase by an order of magnitude (e.g., to produce one more zero on the price tags), or 9.97 years to produce three zeros. Thus can one expect a redenomination to take place about ten years after the currency was introduced.
A specimen of a 1922 One Chervonets banknote. Hyperinflation in early Soviet Russia was ultimately halted by the adoption of such gold-backed currency.. Hyperinflation in early Soviet Russia connotes a seven-year period of uncontrollable spiraling inflation in the early Soviet Union, running from the earliest days of the Bolshevik Revolution in November 1917 to the reestablishment of the gold ...
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The Inflationary Universe is a popular physics book by theoretical physicist Alan H. Guth, first published in 1997. The book explores the historical and theoretical development and expansion of the theory of inflation, which was first presented by the author in 1979 as the culmination of his research on the implications of theory of the Big ...
It is probably cold comfort to consumers in 2022 that the current inflation rate is kid stuff compared to the inflation rates Americans faced in the 1970s and early 1980s, when prices regularly ...