Zimbabwe’s Hyperinflation: #2 in world history
Steve Hanke and Alex Kwok just published a paper calculating last year’s hyperinflation in Zimbabwe, when “conventional inflation measures were not available.” Their conclusion is that in mid-November, prices were doubling every day. That means Zimbabwe’s hyperinflation ranks second worst in world history.
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Previously I linked to a video describing the dire monetary situation in Zimbabwe. It puts the data above in perspective…