Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts

Sunday, July 20, 2008

Zimbabwe Introduces 100-Billion-Dollar Note


More Monopoly money. Our Federal Reserve notes have no real value either, our government has just managed to keep the scam going longer than other countries have.


Zimbabwe, grappling with a record 2.2 million percent inflation, has introduced a new 100-billion-dollar bank note in a bid to tackle rampant cash shortages, the central bank said Saturday.

Wednesday, July 9, 2008

Gas Puzzler


Soon after landing on American soil, I found myself lining up for gasoline for 45 minutes, and that told me something was wrong with this land of free enterprise. When all the establishment media I could lay hands on failed to explain the shortage, I knew it was worse. When only a fringe magazine (The Libertarian Review, July/August 1979, with outstanding articles by D.T. Armentano, Murray Rothbard, Roy Childs et al) offered a credible explanation, I learned where to go for more good sense on all manner of anomalies; and so in due course I encountered Strike The Root.
This year, there aren't any gas lines (though stay tuned), but the price seems outrageous; and in particular, its rate of increase recently has been amazing. Once again, establishment media offer no credible explanation; reports of gas prices often follow weather information, which seems quite appropriate since they have little idea what causes either. But this time, there's a difference: I've not yet seen a fully credible explanation of what's going on even in libertarian literature. That's a first.