[Homestead] Politics & hyper--inflation

bob ford bobford79 at yahoo.com
Thu Oct 2 07:39:17 EDT 2008


I remember when people had very different expectations concerning (Rhodesia) Zimbabwe.  From this a.m. NYT

Life in Zimbabwe: Wait for Useless Money 

"...Zimbabwe is in the grip of one of the great hyperinflations in world history. The people of this once proud capital have been plunged into a Darwinian struggle to get by...."

“It’s survival of the fittest,” said Mrs. Moyo, 29, a hair braider who sells the greens she grows in her yard for a dime a bunch. “If you’re not fit, you will starve.”

"....In fact, Zimbabwe’s hyperinflation is probably among the five worst of all time, said Jeffrey D. Sachs, a Columbia University economics professor, along with Germany in the 1920s, Greece and Hungary in the 1940s and Yugoslavia in 1993....."


http://www.nytimes.com/2008/10/02/world/africa/02zimbabwe.html?hp


      


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