[econophile]

[ QUOTE ]


Yes. I am talking about hyperinflation. I thought depreciation was something you got when you bought a tractor.

[/ QUOTE ]

depreciation wrt currency means losing value against some other currency. your OP mentioned devaluation, which typically means deliberate depreciation.

i wouldn't worry about hyperinflation. more realistic fears would be stagnant long-term economic growth and deflation, a situation which renders monetary policy ineffective. this has been going on in japan for a while. but i wouldn't worry too much about that either.