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Like Sin

Frederick Leith-Ross said "Inflation is like sin; every government denounces it and every government practices it." Wait'll he gets a load of the newest money from Zimbabwe:

imbabwe's central bank introduced 500 million Zimbabwe dollar notes worth just $2 on Thursday in the latest sign of spiralling hyperinflation, only a week after issuing the 250 million bill.

The new highest denomination note would buy about two loaves of bread.

Posted by Tarek Rizk on May 16, 2008 1:50 PM |

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