Hyperinflation is an exponential rise in prices and tends to occur not when countries print too much money; instead, it is associated with a collapse in the real underlying economy. The printing of money is a desperate effort to maintain stability and prevent production from coming to a halt, ...
Apart from a leaked de-dollarization roadmap document, Zimbabwe did not implement a long-term plan (5–10-year policy) of how to de-dollarize the local economy. The plan should have included institutional reforms at the central bank to ensure autonomy from political interference and notable mil...
He says the other piece that was already a factor during that time in Zimbabwe was high national debt. So, the reduction in ag production and a collapse in lending caused the economy to see sharp contraction. It also created turmoil with consumers’ trust in the government. “The obvious th...
[Pictured: An example of assistance via a food relief program in Zimbabwe.] 2018: America's Water Infrastructure Act Shealah Craighead/The White House // Flickr 2018: America's Water Infrastructure Act In a landslide vote of 99-1, America's Water Infrastructure Act provides funds for a variet...
[Pictured: An example of assistance via a food relief program in Zimbabwe.] 2018: America's Water Infrastructure Act Shealah Craighead/The White House // Flickr 2018: America's Water Infrastructure Act In a landslide vote of 99-1, America's Water Infrastructure Act provides funds for a variet...
[Pictured: An example of assistance via a food relief program in Zimbabwe.] 2018: America's Water Infrastructure Act Shealah Craighead/The White House // Flickr 2018: America's Water Infrastructure Act In a landslide vote of 99-1, America's Water Infrastructure Act provides funds for a variet...
[Pictured: An example of assistance via a food relief program in Zimbabwe.] 2018: America's Water Infrastructure Act Shealah Craighead/The White House // Flickr 2018: America's Water Infrastructure Act In a landslide vote of 99-1, America's Water Infrastructure Act provides funds for a variet...
Bill Clinton did not delete Glass-Steagall. He signed Gramm-Leach-Bliley which removed many of the provisions of Glass-Steagall. That Act was initiated by 3 Republicans, and passed by a huge majority in both houses. If Clinton had vetoed it, it would have made no difference since...
In Ahmedabad, Australia's power proved too much for the Zimbabweans, whose comeback never got off the ground. Have you ever heard that something "isn't cricket?" That's where the phrase comes from. To cross the bat isn't cricket. Sehwag crosses the bat. Constantly. He wants bombs. ...
What did Barack Obama do while at Columbia from 1981 to 1983 and in the year after his graduation? That part of his life is scarcely mentioned in "Dreams From My Father"; theWall Street Journalremarked in the mystery a month ago and theNY Times puzzled over ita year ago. ...