FULL THREAD: Zim's Hyperinflation While Experiencing a Recession Is A Unique Feat Of Failure - Biti

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.

HOT DEALS:
itel A70 - (128GB, 3GB RAM) $89,
itel A70 - (256GB, 4GB RAM) $99
itel P40 (128GB, 4GB), (6000mAh) $99
itel P40 (64GB, 4G), (6000mAh) $93
Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika.

WhatsApp: 0783 450 793