Could SA Turn Out Like Zimbabwe? The Answer Lies in Hyperinflation - Philip Haslam
Philip Haslam, one of the authors of When Money Destroys Nations, has written an article for Moneyweb discussing the question: “Could South Africa ever turn out like Zimbabwe?”
“It’s a question I get a lot,” Haslam says.
In the article, Haslam describes the circumstances that brought about Zimbabwe’s decision to print money, and the impact the resulting hyperinflation had on ordinary citizens.
Haslam compares the Zimbabwe of 2008 with South Africa right now. It is not a reassuring comparison.
Read the article:
Could South Africa ever turn out like Zimbabwe? It’s a question I get a lot. While the hot-potato issue of land redistribution may appeal to those studying Zimbabwe, another key real interest story revolves around its money printing programmes, and how the country descended into hyperinflation.
In order to understand hyperinflation, I travelled to Zimbabwe to interview people from all walks of life – their stories are gripping. And so peculiar that it makes for interesting reading.