May 2, 2006

Continuing with failed states: NYT on Zimbabwe's inflation

Headed towards 1000%. If you have cash, you use it right away. Tomorrow it will be worth 5% less. A sheet of toilet paper is not about the same value as a Z$500 bill. And the government is printing money as if it was going out of style.

Posted by duver001 at May 2, 2006 9:32 AM