Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
The bond market must have missed all these brilliantly argued pieces on the return of German hyperinflation in these past few weeks. https://t.co/NG60LVG5pT— Tobias Wirtz (@_w0bi) August 2, 2021
In economics, Gross Domestic Product (GDP) is used to calculate the total value of the goods and services produced within a country's borders, while Gross National Product (GNP) is used to calculate the total value of the goods and services produced by the residents of a country, no matter their location.
Financialization refers to the increase in size and importance of a country's financial sector relative to its overall economy. Financialization has occurred as countries have shifted away from industrial capitalism.