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It's all a matter of degree, stages of a process. Sometimes the process proceeds to its logical conclusion. It did not for the US in the late 1970s as the US bit the bullet politically and suffered the short term consequences. Is the political will there today? Can it be done again? Or is the global monetary system politically inflationary?
With the amount of firepower circulating in that country, I'm amazed that no one can get to Mugabe and take him out. I guess societal acrimony only extends so far.
Robert Mugabe holds an economics degree from the University of London. This gets back to the issue of the pro-inflation curriculum being offered in economics at the world's major universities to-day.
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