View source for Flight into real goods

'''Flight into goods''' (or '''flight into real values''' or '''crack-up boom''') is the frantic rush to spend all monetary [[saving]]s and other available cash, buying goods, whether needed or not, in order to avoid holding, even for a short time, any rapidly depreciating monetary units. This occurs at that point in the development of [[inflation]] when the public is convinced that prices will continue to rise endlessly and at an accelerated pace. 

The flight into goods or real values marks the complete breakdown of a monetary system.<ref name="Greaves_Easier">Percy L. Greaves Jr. [http://mises.org/easier/f.asp "Mises Made Easier"], ''Mises Institute'', 1974. Referenced 2011-03-16.</ref>

{{See also|Hyperinflation}}

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