What is Hyperinflation? Ask George Soros. George Soros is a billionaire, businessman, philanthropist. As an economist he should know what hyperinflation is. He knows the subject even better because he survived and even made some money as a teenager trading during the greatest hyperinflation of all the times – the one in Hungary 1945-1946. Hyperinflation is inflation that is very high or “out of control”. The prices increase rapidly as a currency loses its value. The first hyperinflation I remember was 1992 - the year of post-Soviet economy - inflation was 2,520%. My parents who worked years in the USSR...