Monday, September 25, 2006

And you think the Fed has it tough?

Post WW I Germany often is the example of hyperinflation used in Money and Banking texts, but for a more timely example you may want to consider Zimbabwe.BBC NEWS | Business | Zimbabwe's inflation tops 1,200%: "Zimbabwe's annual inflation rate continues its upward surge, reaching a record high of 1,204.6% in August, and adding greater strain to the economy."Why is hyperinflation such a problem?

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