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Austerity and recession: Three simple graphs that explain New Zealand’s economic crisis
Geoff Bertramrnz.co.nz
Every hyperinflation looked the same. “Hyperinflations are always caused by public budget deficits which are largely financed by money creation.” But even more interestingly, Bernholz identified the level at which hyperinflations can start. He concluded that “the figures demonstrate clearly that deficits amounting to 40 percent or more of expenditu
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The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It (Grove Art)
amazon.com