Saturday, July 19, 2008

Dollars without Sense

I don't know whether to laugh or cry at the announcement of Zimbabwe's 100 BILLION! dollar note. For those wondering what the new note is worth:
[...]Z$100 billion [...] is only enough for two trips on an urban commuter bus or two loaves of bread -- if one can find it.
This is, of course, the result of the hyper-inflation and draconian economic policies supported by the current regime.
Central bank Governor Gideon Gono announced on Wednesday that inflation had surpassed 2.2 million percent, though some economists put it much higher.
What can you say when the conservative estimate is so ridiculous?

No comments: