Why Are White Farmers Losing Their Land In Zimbabwe? – http://testu.be/1e07uOA
In Zimbabwe, inflation was so bad that the government offered $175 quadrillion Zimbabwe dollars for $5 U.S. dollars. So, what is inflation?
Zimbabwe offers new exchange rate: $1 for 35,000,000,000,000,000 old dollars
“Zimbabweans will start exchanging “quadrillions” of local dollars for a few US dollars next week as President Robert Mugabe’s government discards its virtually worthless national currency.”
The Chicago question
“MILTON FRIEDMAN, who would have turned 100 on July 31st had he lived, remains as relevant now as he was during his long life.”
What is inflation and how does the Federal Reserve evaluate changes in the rate of inflation?
“Inflation occurs when the prices of goods and services increase over time.”
Nothing for money
“AS INFLATION climbed towards 80 billion percent in 2008-09, Zimbabweans abandoned the Zim dollar in favour of the American one.”
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