40000 to 1 N.T
100000 to 2.5 N.T
Steve Hanke, an economist at Johns Hopkins University, has documented 56 instances since 1795, ranging from a comparatively benign monthlong burst in Taiwan in 1947 (prices rose by a little more than half in that month, then the increase slowed), to a truly surreal year in Hungary in 1945–46, when at one point prices doubled every 15 hours. In Slobodan Milošević’s Yugoslavia in 1994, hyperinflation stopped only when the presses at the national mint, in Topčider, overheated to their breaking point.
The most famous recent case of sustained hyperinflation is Zimbabwe in 2007–08, when prices, at the peak, doubled every 24 hours. “It was the only case where the inflation completely ran its course, and the government just printed money until people just no longer used it,” says William Masters, an economist at Tufts University. Eventually, after the inflation rate reached 80,000,000,000 percent a month, folks simply stopped showing up at the central bank to pick up Zimbabwean dollars, and the U.S. dollar and South African rand spontaneously became the country’s primary currencies.
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〈台股青紅燈〉四萬換一元的惡夢
自由時報 – 2013年2月1日 上午4:24
很多人對美國、日本相繼施行的貨幣寬鬆內涵，及對個人財富影響，根本搞不懂是怎麼一回事，其實60多年前，台灣也有類似的貨幣寬鬆政策，結果最後是拿4萬元的舊台幣，換1元的新台幣，個人身家財產瞬間被國家乾洗。
1946年5月22日發行的舊台幣，原限發行額為30億元，發行半年後即增為53億元，直至1949年6月14日改制新台幣前夕，舊台幣發行額更高達5270億餘元，較原訂發行額增加175倍。
台灣銀行並於1948年開始發行面額達5000、1萬、10萬的「定額本票」，與舊台幣並行在市場上流通。在新台幣改制前夕，舊台幣的最大面額已經發行到100萬元。貨幣無限量的印製發行，造成惡性通膨，物價飛漲到難以控制，1946年舊台幣剛發行時，台北市一斤白米是16.8元，到1949年時，漲到4000元，短短3年，物價上漲238倍，這就是貨幣寬鬆的代價。
無限量的印鈔票，怎能達到刺激經濟的目的？鈔票一多，錢就不值錢了。熱錢在市場流竄，並不會真正投入生產事業，而是跑到股市與商品市場，這只會製造 更多泡沫，與振興經濟背道而馳，最近美股與日股不斷創新高，是貨幣寬鬆所創造出來的，與經濟復甦沒有關係，各國面對當前全球的經濟問題，已是束手無策，投 資人得自求多福。 （金貝貝）
