b&b58 What exactly is hyperinflation?
We’ve all heard stories in history class of a country’s currency being nearly worthless and it’s happened as recently as 2009 to Zimbabwe, where their Zim Dollar exchange rate was 700 billion to 1 US dollar. Could this ever happen to the US?
On this Independence Day show, we talk about what happens when a country’s currency collapses (you’d be surprised which ones have gone through it!), how they got out of it, and why the US the way it stands now, will most likely never experience such a devastating blow to our economic structure.