Zim hyperinflation not so special

Official inflation in Zimbabwe now stands at over 100,000%. ┬áJokes around Zim’s official stats aside, this isn’t even real hyperinflation by historical standards. Germany, in 1922, in the aftermath of Word War I and the Treaty of Versailles experienced inflation of over 200 billion percent.

Goes to show how short our memories are (as a society, not me specifically) and how far from ordinary economic conditions are possible. This example is only about current remarkable events being unremarkable by past standards. Let’s just wait to see what hte next record-breaking special scenario is.