Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it. (Eugene Fama)

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.

Eugene Fama

Related topics

debt economy function government likely might real value well hyperinflation

Related quotes

It is easier to discover a deficiency in individuals, in states, and in Providence, than to see their real import and value.

Georg Wilhelm Friedrich Hegel

The nation behaves well if it treats the natural resources as assets which it must turn over to the next generation increased, and not impaired, in value.

Theodore Roosevelt

It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all – in which case, you fail by default.

J. K. Rowling

So many people treat you like you're a kid so you might as well act like one and throw your television out of the hotel window.

Gerard Way

Real knowledge, like every thing else of the highest value, is not to be obtained easily. It must be worked for, - studied for, - thought for, - and, more than all, it must be prayed for.

Thomas Arnold