Monthly Archives: May 2007
Zimbabwe, hyperinflation and a collapsing economy
May 18, 2007 at 11:03 pm
Zimbabwe, a former British colony in southern Africa, is experiencing economic and social collapse. With a government which has cannot collect enough taxes to cover its insatiable spending habits. Failing to bring in enough in taxes to pay for spending, the government turns to its central bank and has it print the money that the [...]