Friday, June 08, 2018

Meanwhile, in Zimbabwe

1 comment:

Leonard R Jones said...

I bought a 100 trillion dollar Zimbabwean banknote. The seller on Amazon
had to make a profit on the sale but I still spent less than I would for a
cup of coffee at a convenience store.

In one of PJ O'Rourke's books, he wrote about his trip to Nicaragua during
the time the communist dictator Daniel Ortega was in power. He commented on
their currency (the Corb:) "One has to study economics at the Patrice Lumumba
University in Moscow two or three times to make currency worth this little."

Today, Venezuela and South Africa are headed down the same path of hyperinflation.
I still tell my friends I am worth 100 trillion dollars (at least on paper!)