Steve Hanke Hits Back At "Ignorant" Energy Mutodi
![Steve Hanke Hits Back At "Ignorant" Energy Mutodi](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fsteve-hanke-hits-back-at-ignorant-energy-mutodi.webp&w=640&q=75)
Deputy Minister for Information and Publicity, Energy Mutodi claimed that Professor Steve Hanke’s year-on-year inflation figures are misleading and need to be ignored. Said Mutodi:
Prof. Steve Hanke’s year-on-year inflation figures are misleading and need to be ignored as they are calculated using a flawed Capital Asset Pricing Model (CAPM). Otherwise, our month-on-month inflation is very low.
However, in response, the applied economist at the Johns Hopkins University in Baltimore, Maryland, Hanke said that Mutodi’s ignorance is breathtaking. He wrote:
A Zimbabwean Deputy Minister Dr Energy Mutodi claims that my inflation estimates are based on a Capital Asset Pricing Model. The Dr.’s ignorance is breathtaking. An official lie and another reason US sanctions are unfortunately kept in place. Lying is bad.
https://twitter.com/steve_hanke/status/1166333702588252161
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