The Printing Press

Tuesday, December 09, 2008 

By  Steve H. Hanke

Steve H. HankeZimbabwe’s suffering citizens are caught up in the 21st century’s first hyperinflation. In March 2007 Zimbabwe’s inflation rate passed 50% a month, a good threshold for defining "hyperinflation" and equal to 12,875% a year. The cause of the hyperinflation is a government that forces the Reserve Bank of Zimbabwe to print money.

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