Paul Krugman has really been laying into the hyperinflationists in recent days. And rightfully so... these predictions, as Dr. Krugman notes, were based on a model that is completely wrong. [more inside]
posted by moorooka on Dec 18, 2011 - 57 comments

The Bulls vs. Bears? The incessant back and forth between equity market longs and shorts is well known to most retail investors via a variety of distribution channels; financial television, the print media, online news. But the really big market battle, one with the potential to impact the entire US economy, happens, as is usual in finance, just out of sight of retail eyes ... [more inside]
posted by Mutant on May 13, 2009 - 24 comments

Think you've got problems caused by economic meltdown? "Yesterday I had a balance in my account of $2,000 (at old value that is 20 trillion dollars / $20,000,000,000,000.00). This account is dormant, untouched for months. This morning I find I owe the bank $500,000 in service fees for one month’s bank charges to hold my $2,000. This is no joke." This is life in Zimbabwe under hyperinflation. [more inside]
posted by contessa on Oct 2, 2008 - 13 comments

Inflation in Zimbabwe recently reached 160,000%. Get in on the ground floor now by purchasing a $50,000,000 bill (currently selling for 20,000x its value). Dare to become a millionaire!
posted by splatta on Apr 7, 2008 - 93 comments