inflation

インフレ　—　Phenomena

Prices going on rising; money going on losing value.

Five-franc silver coin of Germinal — A photograph of what this word names.

Cupronickel Coin (2 Chon 5 Fun) — A photograph of what this word names.

There is no single cause, but a recurring scenario in monetary history is when "the need for payment becomes greater than the substance backing the currency."

⚠ It is not a simple matter of it occurring just because the quantity of money has increased. Even with the same quantity, prices will move if the speed at which people spend it increases.

References

Inflation – lessons learnt from history — Deutsche Bundesbank　The hyperinflation of 1923. The currency ceased to function as a means of payment and store of value, and was replaced by the Rentenmark in November 1923.

The books and materials referred to in this course.