Wednesday, February 15, 2012

Hyperinflation often starts with transport

Hyperinflation often shows up most obviously in public transport, in the case of Zimbabwe public transport cost rose to a point where the dilly bus fare exceeded the daily wage of government health workers. Of course this meant those workers refused to go to work at hospitals and clings resulting in the breakdown of public health and a cholera epidemic. The only ones that could save themselves were corrupt politicians and those that could pan enough gold to buy clean food and water.

AlJazeeraEnglish on Feb 14, 2012

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