$: the lord almighty, our master
November 28, 202115th August 1971: surely the most important date of the 20th century for economics and finance, the day that marked the decision of US President Nixon to unpeg the dollar from gold. Taken on a Sunday evening, before the opening of the markets, it introduced a new era: that of a currency underpinned solely…
$ – the exorbitant burden
January 6, 2016Zimbabwe is no longer that country where prices would double basically every six hours, nor is it that nation where wheelbarrows were mainly used to transport banknotes in order to buy groceries. Having now vanquished hyperinflation, Zimbabwe is a country where today something else reigns…deflation! Whereas a few years ago its inflation rate had reached…