Monday, June 09, 2008
Where dollars (ain't even) for dimes ...
Remember when I suggested that Creeder Readers should get on their knees and thank God 'cause they're not living in Rhodesia, er, Zimbabwe? No? I posted this ...
"With inflation estimated at 200,000 percent -- easily the highest in the world -- Zimbabwe's currency is barely worth the paper it's printed on. (The largest Zimbabwean note, 10 million dollars, can't buy more than a couple of sodas.) Foreign currency runs this economy now, mainly the U.S. dollar and the South African rand, nearly all of it traded on the black market."
As much as you think things are bad in the U.S. of A., imagine if you had to carry 8-digit bills around in your wallet due to your country's runaway inflation. (If'n you don't understand why runaway inflation is a bad thing, get to your local library and borrow Milton Friedman's Money Mischief.)
Thanks to Creeder Reader Peter V for sending us this photo:
"With inflation estimated at 200,000 percent -- easily the highest in the world -- Zimbabwe's currency is barely worth the paper it's printed on. (The largest Zimbabwean note, 10 million dollars, can't buy more than a couple of sodas.) Foreign currency runs this economy now, mainly the U.S. dollar and the South African rand, nearly all of it traded on the black market."
As much as you think things are bad in the U.S. of A., imagine if you had to carry 8-digit bills around in your wallet due to your country's runaway inflation. (If'n you don't understand why runaway inflation is a bad thing, get to your local library and borrow Milton Friedman's Money Mischief.)
Thanks to Creeder Reader Peter V for sending us this photo:
# posted by Joltin' Django @ Monday, June 09, 2008 
