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Commentary

When they say inflation they really mean inflation

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How would you like two cholo-mint for this note: (from Yahoo, hat tip Sanjeev)

This is worth one (Indian) buck. Today. Tomorrow it might not, because Zimbabwe is having some 165,000 percent inflation. I don’t even know what that means, but if I get it right inflation is about 18% per HOUR (not compounded). So on Thursday this is 25 paise, and on Friday this is one anna (6 1/4 paise).

Every day my wealth is quadrupling, as measured in Zimbabwean dollars.

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