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*FULL THREAD: Zim's Hyperinflation While Experiencing a Recession Is A Unique Feat Of Failure - Biti* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?wq > Zimbabwe is the first country not involved in a war to have two bouts of super – inflation in under ten years. The crises of 2008 were one of over accumulation, too much money chasing too few goods. Today’s crisis is a contradictory crisis of under. > Zimbabwe is in a recession with zero aggregate demand and no productivity. Everything being equal, recessions reflect stagnation and low inflation (stagflation). > That we have hyperinflation in a recession is a unique feat of failure. An unprecedented act of incompetence and misgovernance. > The short term solution is to urgently dollarize. There are no fundamentals to sustain a local currency. > More urgently the political crises need a soft landing. Without this we will protect our people The right to peacefully confront is guaranteed in s 59 and 67 of the constitution. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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