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 soluti…
The Chaos Created By Venezuela’s Soaring Inflation Rate
When Venezuela’s inflation rate entered the stratosphere, it created chaos that shifted the rhythm and rationality of daily life.…
The Money That People Won’t Spend
Swinging from hyperinflation to deflation, the value of Zimbabwe currency has created uncertainty for more than a decade.…
The Chaos That Inflation Can Create
Last year, Venezuela’s inflation rate exceeded 800%. For this year, the data conflicts. While the Wall Street Journal and the IMF say Venezuela is on its way to hyperinflation, Johns Hopk…
How Venezuela’s Price Ceilings Are Moving
While Venezuela’s price ceilings created life threatening shortages and distorted incentives, lifting them will temporarily result in more distress.…
Weekly Roundup: From Free Trade to Expensive Airline Tickets
Our economic news summary includes Venezuela’s hyperinflation and Dutch Disease, the NFL’s gender deficiencies, free trade, and new marriage markets.…
The Strange World of Venezuelan Hyperinflation
Because of hyperinflation, Venezuela needs billions of bank notes so that businesses and consumers can pay the insane prices that rise daily.…
Weekly Roundup: From Venezuela’s French Fries to the Army’s Pizza
Posts Roundup Sunday 11.01.15 How to be inches away from getting hired…more Monday 11.02.15 Why one-child could be here to stay…more Tuesday 11.03.15 The army food we eat at home…mor…
How to Make the Invisible Hand Disappear
With shortages of basic necessities, price controls, lack of foreign exchange and rising prices, Venezuela’s inflation rate is soaring.…
Weekly Roundup: From More Money to Fewer Restrooms
Our everyday economics includes scarcity, tradeoffs, cost, sustainability, hyperinflation, gender issues, externalities, African development, human capital.…