October 5, 2012

Iran's Humiliating Way Out of Hyperinflation

Jeremy Warner, Daily Telegraph

AP Photo

A fifty eighth country will soon have to be added to the brilliant Hanke-Krus hyperinflation table, which documents every known case of hyperinflation to have taken place in the last century. That country is Iran, which according to Steve Hanke, professor of applied economics at The Johns Hopkins University in Baltimore, is now experiencing price inflation of close to 70pc a month.

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