Thursday, October 02, 2008

Mindboggling Stat of the Day: Zimbabwe's Hyperinflation

40 Million Percent. From today's NY Times: $1 from August of this year would have been worth 10 Trillion Zimbabwean dollars, if their government hadn't lopped 10 zeros off the currency. People are now calculating prices of goods by the number of days they spend in line at the bank to withdraw cash to buy them: a day for a bar of soap, four for a sack of cornmeal.

Was it Stalin who said that one death is a tragedy; a million is a statistic? Cognitively, how do you even comprehend such misery?

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