Applied economics professor Steve Hanke. APPLIED economics professor Steve Hanke, has said that Zimbabwe is now experiencing hyperinflation for the second time in less than 10 years and has pointed out the creation of what he calls the “new Zim dollar” as the cause. Hanke, with the help of research assistant, Erik Bostrom, has published a paper documenting Zimbabwe’s latest inflation statistics as the 58th episode of hyperinflation in history. Hanke’s working paper titled Zimbabwe hyperinflates again: The 58th episode of hyperinflation in history is based on the concept that hyperinflation occurs when the monthly inflation rate reaches 50 percent per month and remains above that rate for at least 30 consecutive days. The paper states…