🚨 WORST HYPERINFLATION IN RECORDED HISTORY: Hungary, 1946. Post-WWII reparations, occupation costs, and nonstop central-bank printing to finance deficits destroyed the pengő. At peak (July 1946), daily inflation hit 207% — prices doubled every 15.6 hours. The government printed notes up to 100 quintillion pengő (the largest denomination ever issued anywhere). A single US dollar bought 2.4 × 10²⁹ pengő by late July. Savings vanished overnight. Factories paid workers multiple times a day so they could spend before wages became worthless. The entire monetary system collapsed; the forint was introduced on August 1 at an exchange rate of 1 forint = 4 × 10²⁹ old pengő. Sound money (fixed-supply, unprintable like gold or #Bitcoin) makes this mathematically impossible. No printing press = no exponential dilution. Governments face real limits: cut spending, raise honest taxes, or default openly. No stealth theft from every holder of the currency. No national wealth evaporation in weeks. Fiat turned a functioning economy into the textbook case of monetary suicide.
Sound money enforces fiscal discipline and protects purchasing power. Hungary didn’t need more pengő.
It needed hardness. Bitcoin is that hardness. ₿ #SoundMoney #BitcoinFixesThis