An end in sight for hyperinflation in Zimbabwe?  It can’t get worse, can it?

Zimbabwe is tipping into economic oblivion in response to the crazy policies of its resident tyrant, Robert Mugabe.  Once the ‘breadbasket’ of southern Africa, about 80% of the country’s population now lives in poverty and it is estimated that three million people have left the country for a new life in South Africa.

Staple goods are scarce and the government responds to shortages by increasing the supply of money.  The central bank has introduced new banknotes to cope with the spiralling prices, recently issuing a 10 million Zimbabwe dollar note.

The leadership of Zimbabwe is in doubt following elections last month.  Either Mugabe accepts defeat, or keep your eyes peeled for a billion dollar note in a couple of months.

Paying for a beer

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Beyond the Bike - The Value of Money [19 Nov 2011]
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Tour of the US income distribution – “The L Curve” [25 Oct 2011]
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Unit 4 Macro: Unit Labour Costs and Inflation [12 Oct 2011]
Unit 4 Macro: UK Inflation Charts [12 Oct 2011]
University Challenged [11 Oct 2011]
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Unit 4 Macro: IMF Flags up Risks of Double Dip [20 Sep 2011]
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Unit 2 Macro: Interest Rates and Income Inequality [16 Sep 2011]
Study Note - Macroeconomic policy objectives [16 Sep 2011]
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Monetary Policy Roundtable [25 Jul 2011]
Unit 4 Macro: Dangers of High Inflation [11 Jul 2011]
Macro Revision: Putting Things in Context [25 May 2011]
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AQA Macro: Remember to revise inflation [25 May 2011]
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UK Economy Update: What Mervyn Said [11 May 2011]
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AS Micro: Rising Global Food Prices [2 May 2011]
Video Clips on the Chinese Economy [1 May 2011]
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UK Economy at a Glance April 2011 [17 Apr 2011]
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OCR F585 June 2011: Data Charts [30 Mar 2011]
UK Economy: Nominal and Real Interest Rates [20 Mar 2011]
Keeping Track of UK Macro Objectives [18 Mar 2011]
Focus on Spain [16 Mar 2011]
the latest data from the MPC [8 Mar 2011]
Worst Cases of Hyperinflation [16 Feb 2011]
Combining monetary and fiscal policy to curb inflation in China [16 Feb 2011]
Inflation Stats - Look no Further! [14 Feb 2011]
The 25 Countries Whose Governments Could Get Crushed By Food Price Inflation [5 Feb 2011]
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Choppy Times - An Economic Cycle Update and Resource Download [25 Jan 2011]
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Economics Q&A: Will the rise in VAT harm the UK’s economic performance? [17 Jan 2011]
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EU Economics: EU Economy in Charts Jan 2011 [29 Dec 2010]
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Revision Presentation on Causes and Effects of Inflation [4 Nov 2010]
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Economics at the Movies - Austin Powers and Inflation [23 Oct 2010]
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Currencies in the News - Two Videos [16 Sep 2010]
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AS Macro: Macroeconomic Performance [5 Jun 2010]
A selection of revision notes on economic growth and development [4 Jun 2010]
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AS Macro Revision: Policies to Control Inflation [31 May 2010]
AS Macro Revision: Cost Push Inflation [31 May 2010]
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Q&A: What do we need to know about output gaps? [29 May 2010]
AS Macro: Sterling and the UK Economy [29 May 2010]
Roubini at the LSE - governments run out of policy bullets [20 May 2010]
Agflation in the Indian Economy [19 May 2010]
UK inflation hits 17-month high [18 May 2010]
A2 Economics Revision - Price Expectations and Money Illusion [8 May 2010]
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