When Money Destroys Nations: How Hyperinflation Ruined Zimbabwe, How Ordinary People Survived, and Warnings for Nations that Print Money

Amazon.com Price: $10.50 (as of 11/10/2019 09:09 PST- Details)

Categories: Africa, Books, Business and Money, Economic History, Economics, History, Inflation, Money and Monetary Policy, Southern Africa, Subjects, Zimbabwe

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Because the global financial crisis of 2008, the major governments of the world have resorted to printing vast sums of money to pay national debts and bail out banks. The warning signs are clear, and the collapse of the Zimbabwean dollar in 2009 after years of rampant money printing is a frightening example of what lies in store for the world’s economies if painful, but essential, reform isn’t enacted soon. When Money Destroys Nations tells the gripping story of the disintegration of the once-thriving Zimbabwean economy and how peculiar people survived in turbulent circumstances. Analysing this case within a global context, Philip Haslam and Russell Lamberti investigate the causes of hyperinflation and draw ominous parallels between Zimbabwe and the world’s developed economies. The looming currency crises and conceivable hyperinflation in these major economies, particularly america, have the potential to show the current world order the other way up. Zimbabwe’s lessons will have to not be ignored. That is the story of When Money Destroys Nations.

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