07 July 2008

Make That Money Take That Money

Zimbabwe, one of the few nations in the running, along with Iraq, Somalia, and North Korea, for worst place in the world, has long been plagued by staggering hyperinflation, thanks in part to "President" Robert Mugabe's policy of simply printing more and more money. Well, that may soon end as, according to The Lede, the German company that supplies paper for the Zimbabwean dollar has ceased to do business with the regime, owing to mounting political pressure at home. The choice quote, lifted from the Times of London, comes from Moses Chikomba, a worker in Harare, regarding Mugabe, who was recently "re-elected" in a sham runoff vote: “We are all billionaires who can afford nothing. That is why I hate that old man.”