Talk:Hyperinflation
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[edit] Hyperinflation in Zimbabwe
The subsection on Zimbabwe's current woes is getting disproportionately large; perhaps it should either be condensed or get its own page. --Soultaco 17:36, 2 August 2007 (UTC)
[edit] Talk moved from article
Hyperinflation in Brazil was not only in the early 1990s. In fact it was the whole 1980s period till the 1990s. Please get your facts straight. Hyperinflation in Brazil destroyed a lot of lifes in the 1980s, so I think it must be corrected.
—The preceding unsigned comment was added by 83.76.171.57 (talk) 23:08, August 22, 2007 (UTC)
[edit] Calculating the laps of time between which prices double
I am currently doing a project at school on the hyperinflation in Zimbabwe. I have tried calculating how many hours and minutes it would take for prices to double if inflation rate reaches the hypothetical 1.5m% (per year I believe). The problem is that the results I get is 1h42, which is far higher then yugoslavia for example which had a much higher inflation rate.
So I would just like to know the formula to calulate the laps of time between which prices double at a certain inflation rate (in my case, 1.5m%).
Thank you Josellis 02:02, 17 September 2007 (UTC)
- Use this:
- r% is the inflation rate.
- This will give you the doubling time measured in the same units as r%. So if r is % per year, then this equation will give doubling time in years and you'd have to multiply by 365 and 24 to get this as hours. Also, be careful that the article gives inflation rates per month, whereas most inflation rates are expressed per year.Rubisco 08:49, 20 September 2007 (UTC)
[edit] Time Units Please
"Interest rates, wages and prices are linked to a price index and the cumulative inflation rate over three years approaches, or exceeds, 100%."
Per ??
GeneCallahan 12:45, 12 November 2007 (UTC)
- Obviously this sentence is nonsense. We should find that reference to check what it means . Oriolpont (talk) 18:17, 23 November 2007 (UTC)
[edit] "The Worst Inflation"
"Georgia went through the worst inflation in 1994."
This sentence form is repeated a number of times. It makes no sense as written. It might mean "Georgia went through ITS worst inflation in 1994," but "the" worst inflation can only happen once, not the many times this article would have.
GeneCallahan 13:25, 12 November 2007 (UTC)
[edit] Yugoslavia 1993-94
The paragraph:
- More recently, Yugoslavia suffered 5 × 1015 percent inflation per month (prices double every 16 hours) between 1 October 1993 and 24 January 1994.
cannot be true. I admit that there could be peaks of such a high hyperinflation, with prices doubling every 16 hours, or even less. But it is impossible to have this effect during such a long time period. There were 116 days, i.e., 2784 hours or 174 doubling periods. This would mean an increase of prices by a factor 1052. How much 500b dinar notes would be needed to pay something that cost 1 dinar at the beginning of that period? The answer is 1040. There is not enough paper in the world. (the YUO was used most of the period, and it was not until 1 Jan 1994 that it was revaluaed to the YUG at a 1 million factor, but again, it is 1032 500 billion YUG notes to pay what it was 1 YUO on 1 Oct 1993, in other words, plainly impossible).
In conclusion, the statement is obviously incorrect. I propose to just cite the rate, not the time interval, as in the other examples. In any of these extreme cases one assumes that these values correspond to peak hyperinflations that can last as much as several days or even several weeks, but not more. The rest of the period may still be under extreme hyperinflation, even having dozens of doubling intervals, but not 174. —Preceding unsigned comment added by Oriolpont (talk • contribs) 19:05, 23 November 2007 (UTC)
- Actually, neither figure makes sense (see the end of [1]). The figure of 5 × 1015 percent inflation per month gives the same answer (well more or less, I haven't bother to calculate it) as the price doubling. However I worked out the problem, someone accidentally I presume, converted the original figure of 5 × 1015 over that period to 5 × 1015 per month over that period. I've fixed it [2] Nil Einne (talk) 13:17, 25 February 2008 (UTC)
[edit] Fair use rationale for Image:Yougoslavia 50 billion bank note.jpg
Image:Yougoslavia 50 billion bank note.jpg is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.
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BetacommandBot (talk) 21:27, 26 November 2007 (UTC)
[edit] Doesn't Look Right
"n 1956, Phillip Cagan wrote "The Monetary Dynamics of Hyperinflation"[1], generally regarded as the first serious study of hyperinflation and its effects. In it he defined hyperinflation as a monthly inflation rate of at least 50% (prices doubling every 31 days)."
Doesn't doubling in a month mean 100% inflation per month? GeneCallahan (talk) 20:21, 23 December 2007 (UTC)
[edit] Fair use rationale for Image:Millionlira.jpg
Image:Millionlira.jpg is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.
Please go to the image description page and edit it to include a fair use rationale. Using one of the templates at Wikipedia:Fair use rationale guideline is an easy way to insure that your image is in compliance with Wikipedia policy, but remember that you must complete the template. Do not simply insert a blank template on an image page.
If there is other fair use media, consider checking that you have specified the fair use rationale on the other images used on this page. Note that any fair use images lacking such an explanation can be deleted one week after being tagged, as described on criteria for speedy deletion. If you have any questions please ask them at the Media copyright questions page. Thank you.
BetacommandBot (talk) 17:14, 2 January 2008 (UTC)
[edit] Currency collapse needs article?
Considering this is at least an often used colloquial phrase, does it deserve own article or to be integrated somehow into this article, the deflation, biflation, denomination articles or some where? Obviously there are a number of ways currencies can become worthless which equal collapse. And a lot of people who may not know the correct terminology might come here and type that phrase in. Carol Moore 03:11, 14 April 2008 (UTC)Carolmooredc {talk}
