Most press reports about Zimbabwe’s fantastic hyperinflation are off the mark – way off the mark. Even our most trusted news sources fail to get the facts right. This confirms the “95 Percent Rule”: 95 percent of what you read in the financial press is either wrong or irrelevant.
Is the 95 percent rule accurate? In other words, is "95 percent of what you read in the financial press is either wrong or irrelevant?"
What percent of the articles in the financial press are approximately correct2?
Note: Steve Hanke certainly seems to believe that inflation for some countries is higher than actually reported (e.g. the Zimbabwe article I cited, this tweet regarding Sudan from 9 hours ago, and this tweet regarding Argentina from 11 hours ago). This may or may not influence his opinions about the financial press. This question has nothing to do with whether inflation (or hyperinflation) is incorrectly reported.
1Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore 2Approximately correct as in correct by mainstream standards.