Welcome to the ECO204 course!

The goal of this course is to help you understand the root causes, mechanisms, and consequences of hyperinflation within the context of a fiat monetary system. Through concrete examples and historical analysis, you will learn to recognize recurring patterns that precede periods of hyperinflation and identify action levers to protect yourself.

Section 2: What is Inflation?
Before diving into the heart of the topic, we will revisit the basics: what is inflation? This section will present its monetary origins, the different types of inflation, and how they fit into a broader economic dynamic. This is an essential step in understanding how regular inflation can evolve into hyperinflation.

Section 3: What is Hyperinflation?
In this section, you will study precise definitions of hyperinflation and examine several major historical episodes, including those of Weimar Germany and Zimbabwe. We will analyze their commonalities, differences, and contemporary parallels. You will also discover lesser-known cases, such as successive redenominations in Latin America, as well as exit strategies observed in certain countries.

Section 4: How Did We Get Here?
This part aims to understand the structural mechanisms that enable hyperinflation, particularly through the development of the monetary "second layer" and the role of central banks. Additional resources and reading suggestions will be provided for further exploration.

What if monetary history were repeating itself before our very eyes? You be the judge in the chapters that follow!