yes money can indeed become worthless
00:03
Zimbabwe is the most popular recent
00:06
example of hyperinflation believe it or
00:09
not they even printed a 100 trillion
00:12
dollar bill earlier in the 20th century
00:15
the same thing happened to Germany after
00:17
World War 1 and historic examples abound
00:20
how can something this dramatic happen
00:23
you need to understand that money is
00:25
just paper or numbers on a screen
00:28
it only has value if people accept it as
00:31
a medium of exchange in other words you
00:34
only accept money for your goods or
00:35
services because you know others will do
00:38
the same now let's assume a revolution
00:41
takes place in your country and those
00:43
who take over print lots of mine then
00:46
hand that money to everyone at the
00:48
beginning people might be tempted to
00:50
celebrate but eventually too much money
00:53
will end up chasing a limited number of
00:55
goods and confidence will disappear a
00:57
loaf of bread can go from costing one
01:00
unit of currency to costing a trillion
01:03
eventually no matter how many zeros you
01:06
add to a bill nobody will want it the
01:09
end
Hyperinflation Explained in One Minute
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