Not really. Hyperinflation is a failure mode expected to be almost unique to fiat currency, which is relevantly recent as a norm. Other types of currencies have different problems. Plus, having data that would even detect hyperinflation is a recent thing in most of the world.
Actually, what jumps out from thaf data (especially when you look into when the inflationary spiral that spiked into hyperinflation happened in individual cases) is that hyperinflation seems overwhelmingly to have one specific cause: major, especially global, conflict, and especially losing such a conflict; the main clusters are associated with (and shortly follow) the end of WWI, the end of WWII, and the end of the Cold War (the collapse of the Russian Ruble around 1992 is by itself about 1/5 of the list, becauae each country that was using it is listed as a separate incident.)
It's actually fiat money that makes it possible to escalate conflicts to such a disastrous level in the first place.
If you're on a gold standard and your war chest starts to run out, you must either find a wealthy lender (hard), press the plunder of your citizenry (limited & bad for morale) or start thinking about a peace deal.
With fiat you can just fire up the printing presses, the later consequences be damned (should you even be aware of them). The first one to have their economy collapse loses, but in the meantime the slaughter can go on.
This train of thought is logical, but what is the practical application for a given nation? Even if one were to abandon fiat money, there's no way to force their adversaries to do so as well. The game theory seemingly pushes everyone to run the printing presses, so to speak, now that the fiat toothpaste is out of the tube.
> It's actually fiat money that makes it possible to escalate conflicts to such a disastrous level in the first place.
Yes, one of the failure modes of commodity/representational currencies is that in emergencies—natural.or artificial, war or peace—your state and economy collapse before they would run the risk of hyperinflation with fiat money.
That's one of the reasons those systems have been abandoned generally. (Oddly, goldbugs see this as a selling point of commodity currency.)
Not really. Hyperinflation is a failure mode expected to be almost unique to fiat currency, which is relevantly recent as a norm. Other types of currencies have different problems. Plus, having data that would even detect hyperinflation is a recent thing in most of the world.
Actually, what jumps out from thaf data (especially when you look into when the inflationary spiral that spiked into hyperinflation happened in individual cases) is that hyperinflation seems overwhelmingly to have one specific cause: major, especially global, conflict, and especially losing such a conflict; the main clusters are associated with (and shortly follow) the end of WWI, the end of WWII, and the end of the Cold War (the collapse of the Russian Ruble around 1992 is by itself about 1/5 of the list, becauae each country that was using it is listed as a separate incident.)