An excellent summary by Tim Taylor….

Back in the Paleolithic era when I was learning economics, Germany’s hyperinflation of the 1920s was the classic example of hyperinflation. When I was teaching intro economics classes in the late 1980s, I would use hyperinflation examples from Latin America, and by the mid-1990s, I could use examples from eastern Europe after the collapse of the Soviet Union. But for the next few years, I suspect, the canonical example of hyperinflation will be what has happened in Zimbabwe from 2007-2009, which has the dubious distinction of being the only hyperinflation of the still-young 21st century. Janet Koech of the Federal Reserve Bank of Dallas offers a nice overview of “Hyperinflation in Zimbabwe,” which appears in the Annual Report of the Globalization and Monetary Policy Institute.

Read his full post here.