Rolfe Winkler

North Korea devalues currency

December 3, 2009

From Richard Lloyd Parry, writing for the Times of London: North Koreans in misery as cash is culled

Zimbabwe’s Hyperinflation: #2 in world history

August 18, 2009

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.