To solve the mystery created by the inflation worries that are in the news, we can look at sticky and flexible prices.
Zimbabwe’s monetary crises used to create money laundering…literally. To preserve their limited supply of worn U.S. dollars, households had to wash them: Now though, they have a new solution. Going Cashless Mobile money has become increasingly popular. Wherever hyperinflation is…
When Venezuela’s inflation rate entered the stratosphere, it created chaos that shifted the rhythm and rationality of daily life.
Swinging from hyperinflation to deflation, the value of Zimbabwe currency has created uncertainty for more than a decade.
With shortages of basic necessities, price controls, lack of foreign exchange and rising prices, Venezuela’s inflation rate is soaring.
Our everyday economics includes scarcity, tradeoffs, cost, sustainability, hyperinflation, gender issues, externalities, African development, human capital.
Coping with hyperinflation, Zimbabwe finally had to replace their currency with the US. dollar. A low inflation rate should be their monetary policy goal.
Shortages, long lines, and panic buying are several ways that hyperinflation is creating chaos for local and foreign firms and consumers in Venezuela.