July 12th, 2008

smile

The law of well deserved consequences

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Zimbabwe's annual rate of inflation jumped to 7,638% in July according to the first official figures to be published for three months.

Looks like the present government did not stopped at land confiscations. Using a magic money-making machine to fill an empty budget was a logical next step.

Now they are ordering shopkeepers to sell at fixed prices (and continue to print more money).

One can think the government there is crazy. It isn't. What we see - is a medieval society, medieval economy forced into a modern form. If we think about Mugabe's guys as a nobility - it'll make things a lot clearer. Cause nobles and their followers aren't supposed to work.