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Economics Explained's Hyperinflation Nonsense

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Money & Macro

Want to help me do more research? Consider supporting via:   / moneymacro   or https://kofi.com/moneymacro'>https://kofi.com/moneymacro

As an economist who studied inflation and monetary policy during his PhD, I was rather confused about one of the latest Economics Explained (EE) videos which makes wild claims and introduces many (seemingly) new theories. So, in this video, I'm checking if EE's claims are at least somewhat grounded in economic theory and not directly contradicted by data.

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△ Link to EE's video:    • Hyperinflation is Already Here – You ...  
△ Check out my economic country studies here:    • Country Economics  

5 BOOKS THAT INSPIRED THIS CHANNEL
The Narrow Corridor: States, Societies, and the Fate of Liberty: https://amzn.to/3gr6pSV
Money Changes Everything: How Finance Made Civilization Possible: https://amzn.to/3mt3xbY
Adaptive Markets: Financial Evolution at the Speed of Thought: https://amzn.to/3sCkS3a
House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again: https://amzn.to/3gqXNeZ
The Third Pillar: How Markets and the State Leave the Community Behind: https://amzn.to/382Agwo

PAPERS ON INVESTMENT UNDER INFLATION
https://papers.ssrn.com/sol3/papers.c...
https://papers.ssrn.com/sol3/papers.c...

SOURCES:
I've linked my sources in the blog that goes along with this video. Most links are in the text. But, I added some extra literature and data sources to the end of the blog.

https://www.moneymacro.rocks/202108...

Timestamps:
0:00​ introduction
1:57 is the US like Weimar 1?
3:03 sponsor
4:06 is the US like Weimar 2?
13:07​ when is hyperinflation unstoppable?
18:50 is the US special?
20:27 how to protect yourself

Attribution:
Check marks by Alvaro_cabrera / Freepik
Baker & bread by macrovector / Freepik
young woman by pch.vector / Freepik
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Narrated and produced by Dr. Joeri Schasfoort (University of Cape Town & University of Groningen)
  / joerischasfoort  
  / joerischasfoort  

posted by kelpie1018