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- From: bob ford <bobford79 AT yahoo.com>
- To: homestead AT lists.ibiblio.org
- Subject: [Homestead] Politics & hyper--inflation
- Date: Thu, 2 Oct 2008 04:39:17 -0700 (PDT)
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
- [Homestead] Politics & hyper--inflation, bob ford, 10/02/2008
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