Tag Archives: Weimar

Argentina Inflation due to pegged currency

In April 1991, Argentina adopted a rigid peg of the peso to the dollar and guaranteed convertibility under this arrangement. That is, the central bank stood by to convert pesos into dollars at the hard peg. The choice was nonsensical … Continue reading

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Russia another pegged currency victim

Russia is another victim of a pegged currency and the financialisation of its economy. I took some notes at the time the Russian government defaulted which go like this. After the breakdown of the Soviet Union they made their first … Continue reading

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Reasons behind Zimbabwe hyperinflation political

Zimbabwe is the new Weimar Republic. Not! Zimbabwe is the front-line evidence that shows that government deficits will generate hyper-inflation. Not! Zimbabwe is the demonstration of the folly of a fiat monetary system. Not! Zimbabwe is an African country with … Continue reading

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