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Tuur Demeester Profile picture
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11 Nov, 8 tweets, 3 min read
"How long does a hyperinflation last?"
This IMF paper studied 30 such events, found that hyperinflations:
- ranged in time from 2 to 34 months
- Europe/Russia mean length: 1 year
- Latin America mean length: 2 years

imf.org/external/pubs/…
The paper also, unsurprisingly, confirmed that official consumer price indices tend to severely underestimate the actual scale of monetary devaluation.
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More from @TuurDemeester

Tuur Demeester Profile picture
7 Nov
1/ After a long hiatus, last month we finally visited my home town of #Bruges. I was moved by its beauty, and inspired by its traditional architecture and highly functional urbanism.
2/ Nearly all of Bruges' construction has gone through a darwinian grind, where only that what's firm, functional, and beautiful survives. Even the floor & street pavement reflects that.
3/ Nearly everything that stands is built out of simple bricks baked from clay — incredibly versatile, durable, and repair-friendly. Featured here is the Church of Our Lady, 13th-15th C, with 115m the third tallest brickwork tower in the world.
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Tuur Demeester Profile picture
5 Nov
spotted at Goodwill today
A few related tweets in a thread:
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Tuur Demeester Profile picture
1 Oct
1/ A few thoughts seeing the new "In Gold We Trust" chartbook. tinyurl.com/5ycdtxdz

First, the USD M2 money supply is in its 11th doubling cycle since the year 1900.
2/ Historic analogies useful but can deceive. A simple repeat of the 1970s style stagflation is unlikely imo, this time the money priBRRRRRRRRR...
3/ The IFMS heads are today's popes and bishops, in charge of a global monopoly with an ever expanding mandate. bis.org/publ/arpdf/ar2…
Read 8 tweets

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