Tag Archives: Frédéric Bastiat

09Mar/26

The Political Economy of Crisis, War Finance, and Inflation

Why the “Money Printer Goes Brrr”: The Ancient Roots of Modern Inflation

March 9, 2026 /Mpelembe Media/ — Inflation, Hyperinflation, and the “Money Printer” Relying on the printing press to fund state expenditures has historically been a primary catalyst for inflation and, in extreme cases, hyperinflation. This phenomenon stretches back to the fall of the Roman Empire, where successive emperors debased the silver Denarius to pay for military and administrative costs, ultimately destroying public faith in the currency. Modern examples of hyperinflation—such as Weimar Germany in 1923, Zimbabwe in 2008, and Venezuela—demonstrate the devastating consequences of unchecked monetary expansion, which annihilates savings, causes basic necessities to become unaffordable, and forces citizens to resort to bartering or foreign currencies

Continue reading