Now that’s inflation
January 5, 2010Jon Brooks 1 Comment »There’s a school of thought out there that holds that the policies of the Fed and the Treasury, while perhaps preventing a full-blown economic depression, are sooner or later going to lead to massive inflation.
Even if that’s true, one would hope the situation won’t spin as out of control as it has in hyperinflationary Zimbabwe. Take, for instance, the country’s $100 Trillion bank note, which it introduced about a year ago.
The bill is available for purchase for $7.99 (or about $25 trillion Zimbabwe dollars, give or take a few trillion) from Capitalistpig Asset Management.
January 5th, 2010 at 11:14 pm
[...] hits gas will be ten bucks a gallon overnight ll Exactly–and sooner than we might think! http://www.economybeat.org/economics/now-thats-inflation/ Zimbabwe’s $100 trillion bank note Economystory/jb New N.Korean Currency Sees Runaway [...]