What Arepas Can Teach Us About Hyperinflation

mayonnaise

🥗Healthier: Greek yogurt

💰Cheaper: sour cream

Greek yogurt reduces calories while maintaining creaminess

cooked chicken

🥗Healthier: shredded turkey

💰Cheaper: canned chicken

Canned chicken is often less expensive and saves time.

avocado

🥗Healthier: mashed peas

💰Cheaper: guacamole

Mashed peas can mimic the creaminess of avocado.

First, let's explain hyperinflation.

Inflation is when prices rise.

A little inflation, say 2% a year, is considered healthy.

But hyperinflation, that's when prices rise rapidly, typically defined as over 50% a month, every month.

Mechanically, hyperinflation is the result of a rapid increase in the money supply.

Almost always caused by government printing of money to pay for spending that it could not afford otherwise.

Breaking this down further, money supply just means money in circulation or money in people's pockets and saved in their bank accounts.

When the government prints money, that money is created, paid to someone, and added to the stock of money available in the economy for use.

As more money chases fewer goods, the price of goods rise.

Hyperinflation is rare, but when it hits, it can be devastating.

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