Panic in Persia as Hyperinflation Hits Iran | Steve H. Hanke | Cato Institute: Commentary
EXCERPTS:
"The implied monthly inflation rate for September [in Iran] was 69.6%. Since the hurdle rate to qualify for hyperinflation – as defined by US economist Philip Cagan – is 50% per month, Iran registered what appears to be the start of the world's 58th hyperinflation episode.
