More on Inflation
Recently Zimbabwe's president Mugabe decreed that merchants must cut the price of goods by 50%. In a ridiculous attempt to "fix" the country's inflation rates, he successfully cut his peoples' meager incomes even more.
"For the past two years at least, Zimbabwean business people of all sorts
have had to adjust all their prices daily because of inflation. That means
every price tag, every job estimate, every quote. Foodstuffs were already in
short supply, fuel near impossible to get, before this latest act."
"For the past two years at least, Zimbabwean business people of all sorts
have had to adjust all their prices daily because of inflation. That means
every price tag, every job estimate, every quote. Foodstuffs were already in
short supply, fuel near impossible to get, before this latest act."