Quote:
Originally Posted by Minte
Look around whatever space you are in. How much do you see that is not made from plastic? Then look for all the other raw materiels,carbon steel,non-ferrous and manufactured wood products. A 20% increase in the base prices of raw materiel in 180 days is hyper-inflation.
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No it's not because:
1) it is only taking into account specific items while ignoring others.
2) hyperinflation is currency dependent. That means that base prices are accelerating out of control for the currency in question. If the base prices you're citing are also going up in other currencies, you are simply observing higher prices.
You are also using a definition of hyperinflation that is not used in mainstream economics.
It's fine if you guys want to make up your own definitions, but recognize that for what it is.
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