Hyperinflation!! Prices are doubling every 24hours. The Big Mac was $35yesterday,$70today, and it will be $140tomorrow. This reality is the killer of economies. When currency loses all value and panic takes hold there isn't much that governments or policymakers can do other than throw it all out and start over again. This discussion we will look at some historical examples of hyperinflation.

Part 1: Imagine a world where prices are doubling every single day.What do you do? How does your behavior change in these extraordinary circumstances?

Part 2:Check out the two videos below about hyperinflation in real life. Other examples are Hungary in 1945, Yugoslavia in 1992, Greece in 1944, and Venezuela today. It takes a lot of mistakes for inflation to get this bad. There are many warning signs, but when they are ignored by governments and policy makers it's like a snowball gathering size and speed as it turns into an avalanche. How did Germany and Zimbabwe mess up the balance between their money supply and the growth of their real economy? Why didn't they stop making mistakes and try to fix the inflation before it got out of control?

https://www.youtube.com/watch?v=QmZ36uABULY

https://www.youtube.com/watch?v=78-BlZXm7wA