Prompts for the NYT Articles for Assignment #9 :
Discuss some of the problems associated with hyperinflation–use the first article to provide examples of the problems with inflation that we discussed in class (some examples may be directly taken from the article, others may be inferred ).
Are there any other problems caused by hyperinflation that weren’t addressed in our textbook’s discussion of problems with (regular but high) inflation ?
How does the quote “[a]s the bankrupt government prints ever more money, inflation has gone wild” help explain the cause of hyperinflation in Zimbabwe? What would the typical Zimbabwean’s expectations be of the government’s future plans? How would that affect the viability of any potential solutions? How does the solution (as mentioned in the second paper) solve those problems of the populace’s expectations ?