Thursday, February 26, 2015

It's Official: Ukraine is Currently Experiencing Hyperinflation

This is what you get when a country focuses on war, rather than economic production. And has leaders, sponsored by the US btw, who attempt to print money as a way to finance the war.

Steve Hanke writes:
I estimate Ukraine’s current.... monthly inflation rate to be 64.5 percent. This rate exceeds the 50 percent per month threshold required to qualify for hyperinflation. So, if Ukraine sustains its current monthly rate of inflation for several more months, it will enter the record books as the world’s 57th hyperinflation episode. 


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