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Today, we talk about inflation in emerging markets, the rising cost of food and fuel, and money printing like we're experiencing true hyper-inflationary horrors. But a quick look back at the last century will yield a bevy of tales detailing what the true horror actually looks like. Hyperinflation is corrosive not only because it represents an over 50% rise in prices per month but because it represents a loss of faith in a currency as well. War seems to be a common thread for these countries and the adoption of a foreign currency is a fairly common solution.
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