The value of money constantly diminishes. The ability of people to plan their financial future is made more difficult. Money begins to lose its usefulness as a common denominator through which the value of goods and services may be compared and evaluated. A misallocation of labor and capital occurs throughout the economy. A hyperinflation merely takes the same consequences to a more destructive extreme.
Money approaches worthlessness.
People spend with a frenzy just to get rid of the cash in their pockets. Life-long savings lose their value in a matter of days. Individuals desperately try to juggle their assets just to maintain their savings. Trade becomes more difficult or even impossible, through normal channels of exchange. Finally, the social division of labor itself is threatened with collapse as monetary transactions become the avenue for economic losses rather than profits.