The Disaster of Zimbabwe’s Price Controls

The Disaster of Zimbabwe’s Price Controls

Dec 22, 2019 | News

Prices are essential signals for coordinating the distribution of goods in an economy. Prices tell us where scarce resources are most needed. F. A. Hayek’s insights on this have been summarized by Peter Leeson: Market prices, he [Hayek] argues, signal to producers and...
The Return of Hyperinflation in Zimbabwe

The Return of Hyperinflation in Zimbabwe

Oct 10, 2019 | News

It has been over a decade since Zimbabwe was ravished by one of history’s worst experiences in hyperinflation, reaching 79,600,000,000 percent as prices doubled approximately every 24.7 hours in November of 2008. Today under new leadership, it seems as...