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How Does Fiat Currency End — Part II: Hyperinflation - Wealth Cycles
Hyperinflation

How Does Fiat Currency End — Part II: Hyperinflation

In a now infamous 2002 speech, U.S. Federal Reserve Chair Ben Bernanke, referring to a phrase originally coined by economist Milton Friedman, invoked the image of using a helicopter to drop money bombs on the populace as a way of combating deflation. The speech both earned Bernanke the nickname “Helicopter Ben” and provided a hint…