[Skybird]

https://www.zerohedge.com/economics/...lation-horizon

In the U.S., for example, the quantity of money, measured by M2, has increased by a whopping 26% in a single year. This is the largest annual increase since 1943.
[...]
If production capacity becomes limited at the same time due to, for example, damage from war or from large-scale corporate bankruptcies by other causes, consumption increases faster than production. In practice, there is more money chasing fewer products, and prices start to rise very rapidly. Moreover, politicians and bureaucrats tend not to be very skilled in the efficient management of businesses and they permit public pressure to influence their decisions. This leads to wasteful investments, falling productivity and unprofitable enterprises.
[...]
If a fast inflation emerges, central banks will eventually be forced to raise rates, almost certainly toppling over-leveraged, zombified firms and over-indebted, zombified European nations. Total chaos in the financial markets would obviously follow with world descending into recession or depression.

Weimarer Republic. 90s Russia.