Zimbabwe Dictator Robert Mugabe Proposes Nixonian Solution to Hyperinflation July 5, 2007
Posted by Webmaster in Africa, Banking & Monetary Policy.trackback
Mugabe wants to throw government-imposed price controls on top of government-sponsored hyperinflation courtesy of printing press money. The analogy between Mugabe’s solution and President Nixon’s solutions in the 1970s is prescient, but the USA never faced what some economists predict will be a 1,500,000% inflation rate for Zimbabwe next year.
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