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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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