4 ms·
That's nonsense. Zimbabwe (like the famous Weimar republic, by the way) had a extreme fall in the real productive capacity of the economy (1). Inflation was goi
by RobertoG 7y ago
That's nonsense. Zimbabwe (like the famous Weimar republic, by the way) had a extreme fall in the real productive capacity of the economy (1). Inflation was going to happen nevertheless the monetary policy they adopted.
(1) - http://bilbo.economicoutlook.net/blog/?p=3773 http://bilbo.economicoutlook.net/blog/?p=3773
- pinkfoot 7y agoNope, the fall in capacity followed the destruction of the currency and the end of the rule of contract law.
- tim333 7y agoGoogling briefly it seems >Food production halved in the 1990s as a result of [Mugabe's] decision to strip white farmers of their land and hand it to members of the black population who, in many cases, had no farming experience. before the inflation kicked off. https://news.sky.com/story/how-zimbabwes-economy-has-collapsed-under-mugabe-11127628 https://news.sky.com/story/how-zimbabwes-economy-has-collaps... Same brilliant policy in Venezuela pretty much.