Nov 9, 2009

I. Money and InflationA. HyperinflationsB. Quantity Theory of MoneyC. Costs of Inflation

Today in history: 1989 The fall of the Berlin Wall--Political freedom--Economic freedomhttp://www.youtube.com/watch?v=wnYXbJ_bcLc

Robert Mugabe

Zimbabwe Inflation

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

2007 2008 2009

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

Chg in CPI From 1 Year Ago