yodatsracist comments on /u/postslongcomments posts a long comment explaining how Zimbabwe got such high inflation and why the kept printing more after they were worthless.:
Read more about the details of thehistory land reform in Zimbawbe here, but suffice to say that this move in 2000 was disastrous to the economy. The Supreme Court ruled it illegal in 2002, but it had no effect. By 2005, the land grabs could no longer even be challenged in court. The people who knew how to far (white farmers and their black employees) were removed from the land, and replaced with people who knew little about industrial agriculture. Tobacco had long been one of Zimbabwe's biggest exports. In 2005, Zimbabwe produced a third of the tobacco it produced in 2000. You can literally see per capita income free fall after the land grabs started. You see it even before hyperinflation sets in 2003/2004, and before hyperinflation peaks in 2008. The land grabs led to an international credit freeze among other things, which led Zimbabwe from a strong trade surplus to a trade deficit almost immediately. You often see peaks in the bad policies of Mugabe's government around election times and referenda.
'via Blog this'
