Monday, August 13, 2007

20,000 % inflation

There are many terrible aspects to the horror that is Zimbabwe but the simple economic fact reported in the Guardian that inflation runs at 20,000% shows an economic crisis that will keep in the country in despair beyond Mugagbe's years.

I wonder at what point the telephone book numbers involved with such inflation become meaningless - 500%, 1000%, 5,000% ???

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