Hyperinflation: Economic Tax, Money Creation, and Lower Productivity (Essay Sample)

Hyperinflation in Developing Countries
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Hyperinflation in Developing Countries
For decades, the majority of developing countries have been plagued by hyperinflation. States in the developed world have experienced extremely high inflation rates during the post-World War II period. All have made significant efforts to control their inflation rates using various measures of competence. Historically, the ultimate goal has been to keep inflation manageable. However, a few countries have implemented policies to eliminate inflation through price stability in recent years. According to Ohnsorge (2019), this has been a contentious endeavor, demonstrating that there is still no widely accepted solution to the inflation problem.