Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?
4:20
YouTubeMarginal Revolution University
Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?
How would you like to pay $417.00 per sheet of toilet paper? Sound crazy? It’s not as crazy as you may think. Here’s a story of how this happened in Zimbabwe. Around 2000, Robert Mugabe, the President of Zimbabwe, was in need of cash to bribe his enemies and reward his allies. He had to be clever in his approach, given that Zimbabwe’s ...
954.9K viewsJan 3, 2017
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