Jul 20, 2008 18:27
Zimbabwe have just introduced a Z$100 billion dollar note which apparently will just about buy you a loaf of bread. Their rate of inflation is over 2,200,000% anually. How on earth can economy get in that sort of state? Prices are constantly rising, yet wages stay the same and then the leading governments wonder why people are living in poverty. Its not just the 3rd world countries either; fair enough, the UK might not have reached that level of absurdity yet but the value of things is still rising at a significant rate. When your council tax bill is almost a quarter of your monthly wages then you know you have a problem. I suggest that Weird and I run for Prime Minister in the next elections: we'll sort this world out!