Wednesday, July 16, 2008

Way to Go Mugabsters

Not only has Robert Mugabe managed to intimidate his way into winning the presidency unopposed, but he's also managed to destroy the Zimbabwean economy more than economists had previously thought.

The last estimate Zimbabwe's inflation rate was pegged at around a staggering 170,000% in February.  Today it turns out that official assessment was revised upwards a little bit.  To a mere annual inflation rate of 2,200,000%  This means that, while a Zimbabwean dollar would have bought you a US dollar and then some in 1980, you now only need a mere 250,000,000 of them to buy one today.  Way to go!

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