Monday, November 10, 2008

Zimbabwe Crisis

Good series of photos on the hyperinflation in Zimbabwe. Nothing like photos to illustrate the craziness of hyperinflation. My Dad remembered the hyperinflation in Weimar Germany though he was only seven years old at the time. That was just as crazy. Most hyperinflations haven't gotten that bad. I wrote my undergraduate thesis in economics on Turkish inflation policy. The rate only got a little above 100% per year and I experienced the hyperinflation in Israel directly living through rates of 100-400% per annum. But those were relatively manageable compared to Zimbabwe, Weimar, and other ultrainflations.

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