Harare Hustle
Steve Hanke, one of my former economics professors, did some recent research on Zimbabwe (pdf here). He says it was the second highest inflation in world history. What do you think the highest was? The answer is in Table 2 (and check out the "time required for prices to double" in that table).
By the way, if you don't know what Zimbabwe's stock market did while the printing presses were running, take a look. Scroll down for the chart.
By the way, if you don't know what Zimbabwe's stock market did while the printing presses were running, take a look. Scroll down for the chart.
posted by The Cunning Realist at Tuesday, September 22, 2009
4 Comments:
Don't worry...the congress will save us. LOL
http://www.amconmag.com/article/2009/nov/01/00006/
Goldhorder, once again, thank you for pointing out an informative article.
since the word economic was stablish the word inflation born, with this the other word born, taxes, all of this is the same that we know today as economic system.
it is so cool!I have a crazy economics professor and he told me many of the things that your blog said!
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