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Hyperinflation is caused by external countries refusing to invest in a countries currency, not by internal factors. So the current problem with money they are h

Hyperinflation is caused by external countries refusing to invest in a countries currency, not by internal factors. So the current problem with money they are having is controlled by external entities.

ars 18y ago
I don't think that's correct, but I'll give you chance to post some citations backing that up.
- markessien 18y ago
  Hyperinflation is caused by a loss of confidence in the ability to exchange the local currency for foreign currencies. The Zimbabwe $ became difficult to change following the land reform exercise, and that started the cycle. Once the cycle starts, it's very difficult to stop. All this has almost nothing to do with the actual economy of the country - many countries have fallen into much worse economic times than Zimbabwe currently is in, and did not have the problem with hyperinflation. In actuality, Zimbabwe belongs to the top African countries in terms of infrastructure, education and production. It still does so, but it's currently under a lot of economic pressure from outside countries, and one of the effects is this hyper-inflation.
  - gravitycop 18y ago
    Zimbabwe belongs to the top African countries in terms of [...] education Zimbabwe does not seem to be listed in the recent TIMSS data. http://nces.ed.gov/timss/table07_3.asp http://nces.ed.gov/timss/table07_3.asp Where are you getting your information from? This TIMSS page shows 1992 reading-score data for 14-year-olds for Nigeria (401), Zimbabwe (372), and Botawana (330): http://nces.ed.gov/programs/digest/d96/d96t402.asp http://nces.ed.gov/programs/digest/d96/d96t402.asp
    - markessien 18y ago
      From the Wikipedia page on Zim: "Zimbabwe has an adult literacy rate of approximately 90% which is amongst the highest in the world." Bob Mugabe may have his faults, but he also took Zimbabwe really far.
      - gravitycop 18y ago
        http://en.wikipedia.org/wiki/List_of_countries_by_literacy_rate http://en.wikipedia.org/wiki/List_of_countries_by_literacy_r... Because definitions and data collection methods vary across countries, literacy estimates should be used with caution.
        markessien 18y ago
        That does not mean that Zimbabwe does not have a very high literacy rate - it is well known that it does because of the government policy towards education. Compared to the rest of Africa, the Mugabe government has been pretty good, and it was generally praised a lot till the land redistribution exercise started, after which the media portrayal suddenly swung the other way. Many people who are aware of Zimbabwe only studied the country post 2001, and those that did have their information sources mostly from sensationalist U.S or U.K based papers. They do not attempt to balance their understanding by reading alternative points of views.
        gravitycop 18y ago
        Zimbabwe does [...] have a very high literacy rate - it is well known that it does because of the government policy towards education. Government policy does not corellate at unity with outcome. There are other factors. Would you agree that there is probably a siginificant brain drain occurring right now in Zimbabwe? http://news.google.com/news?q=zimbabwe+%22brain+drain%22 http://news.google.com/news?q=zimbabwe+%22brain+drain%22 Would a brain drain likely affect the literacy level of a nation?
        markessien 18y ago
        I don't think the brain drain from Zimbabwe is any larger than any other African country, or any country that were facing similarly tough economic times. The farm seizures affected less than 3000 farm owners, and those people typically did not employ highly skilled labour, so the effect that had was not so significant on emigration of university-level people. I'm not sure what exactly your point is - are you saying that farm seizures in some way affected the level of education in the country?
gravitycop 18y ago
Mars has never invested in Earth currency. Therefore, and because of that, the Earth economy must have continuously experienced hyperinflation.
- markessien 18y ago
  The earth economy is closed, and is not dependent on external planets. The Zimbabwe economy, like all African economies, is strongly dependent on imports of manufactured and industrial goods. If you actually have an argument and you understand the facts of what you want to argue, then please lay out your points. A silly non-relevant statement does not contribute to the discussion in any way.

ars 18y ago

I don't think that's correct, but I'll give you chance to post some citations backing that up.

markessien 18y ago
Hyperinflation is caused by a loss of confidence in the ability to exchange the local currency for foreign currencies. The Zimbabwe $ became difficult to change following the land reform exercise, and that started the cycle. Once the cycle starts, it's very difficult to stop. All this has almost nothing to do with the actual economy of the country - many countries have fallen into much worse economic times than Zimbabwe currently is in, and did not have the problem with hyperinflation. In actuality, Zimbabwe belongs to the top African countries in terms of infrastructure, education and production. It still does so, but it's currently under a lot of economic pressure from outside countries, and one of the effects is this hyper-inflation.
- gravitycop 18y ago
  Zimbabwe belongs to the top African countries in terms of [...] education Zimbabwe does not seem to be listed in the recent TIMSS data. http://nces.ed.gov/timss/table07_3.asp http://nces.ed.gov/timss/table07_3.asp Where are you getting your information from? This TIMSS page shows 1992 reading-score data for 14-year-olds for Nigeria (401), Zimbabwe (372), and Botawana (330): http://nces.ed.gov/programs/digest/d96/d96t402.asp http://nces.ed.gov/programs/digest/d96/d96t402.asp
  - markessien 18y ago
    From the Wikipedia page on Zim: "Zimbabwe has an adult literacy rate of approximately 90% which is amongst the highest in the world." Bob Mugabe may have his faults, but he also took Zimbabwe really far.
    - gravitycop 18y ago
      http://en.wikipedia.org/wiki/List_of_countries_by_literacy_rate http://en.wikipedia.org/wiki/List_of_countries_by_literacy_r... Because definitions and data collection methods vary across countries, literacy estimates should be used with caution.
      - markessien 18y ago
        That does not mean that Zimbabwe does not have a very high literacy rate - it is well known that it does because of the government policy towards education. Compared to the rest of Africa, the Mugabe government has been pretty good, and it was generally praised a lot till the land redistribution exercise started, after which the media portrayal suddenly swung the other way. Many people who are aware of Zimbabwe only studied the country post 2001, and those that did have their information sources mostly from sensationalist U.S or U.K based papers. They do not attempt to balance their understanding by reading alternative points of views.
        gravitycop 18y ago
        Zimbabwe does [...] have a very high literacy rate - it is well known that it does because of the government policy towards education. Government policy does not corellate at unity with outcome. There are other factors. Would you agree that there is probably a siginificant brain drain occurring right now in Zimbabwe? http://news.google.com/news?q=zimbabwe+%22brain+drain%22 http://news.google.com/news?q=zimbabwe+%22brain+drain%22 Would a brain drain likely affect the literacy level of a nation?
        markessien 18y ago
        I don't think the brain drain from Zimbabwe is any larger than any other African country, or any country that were facing similarly tough economic times. The farm seizures affected less than 3000 farm owners, and those people typically did not employ highly skilled labour, so the effect that had was not so significant on emigration of university-level people. I'm not sure what exactly your point is - are you saying that farm seizures in some way affected the level of education in the country?

gravitycop 18y ago

Mars has never invested in Earth currency. Therefore, and because of that, the Earth economy must have continuously experienced hyperinflation.

markessien 18y ago
The earth economy is closed, and is not dependent on external planets. The Zimbabwe economy, like all African economies, is strongly dependent on imports of manufactured and industrial goods. If you actually have an argument and you understand the facts of what you want to argue, then please lay out your points. A silly non-relevant statement does not contribute to the discussion in any way.