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That’s Inflation

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Zimbabwe has suffered under horrible inflation for a number of years. The Economists’ Free Exchange blog has a great example on its effects:

THE economic blogosphere is full of gems today. Inflation in America and Britain is uncomfortably high, but it could be worse—just ask Zimbabwe:

“During the meal, one of my mates was drinking beer – 750ml bottles of Castle Lager (fondly called bombers) he ordered a 5th one, was advised that the price, which when he ordered his 1st, 2nd 3rd and 4th ones was 160 million per bottle, had gone up to 340 million per bottle.”Best to drink quickly, I suppose.

Nasty.

UPDATE May 17 @ 2:05p: Initially, I forgot to link to the blog post at Free Exchange. It has been updated above and added here.

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Written by walonline

May 16, 2008 at 9:19 am

Posted in Economics, Markets

Tagged with , ,

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