Učebnicovým príkladom hyperinflácie je Nemecko v roku 1923.
Vtedy na bežné nákupy nestačili stohy bankoviek a ceny rástli v podstate každú hodinu. Nemecký štát nestíhal tlačiť peniaze, aby uspokojil trhom požadovanú hotovosť.
Firmy vyhlasovali bankroty, nezamestnanosť dosahovala obrovských rozmerov a všetko vyústilo v politickú krízu a nestabilitu.
"Tlačenie" peňazí ale nie je nejaká výnimka z predvojnových čias.
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