It happens after wars or revolutions, when governments have to print the money they need because there's not much of an economy left to tax—which brings us to Ukraine. It had a revolution, it has a war now, and it's all but broke.
Inflation is officially 28.5 percent, but, according to Johns Hopkins professor Steve Hanke, it's really more like 272 percent. And that's only going to get worse as long as Ukraine's currency does.
It's hard to overstate how challenged Ukraine is. Its economy has actuallyshrunk since communism ended in 1991 .... http://www.washingtonpost.com
It's hard to overstate how challenged Ukraine is. Its economy has actuallyshrunk since communism ended in 1991 .... http://www.washingtonpost.com
