Labor & Economic News Blog
Tuesday, May 02, 2006
ZIMBABWE: INFLATION CAPITAL / People with spare cash invest in cornmeal, avoiding banks, as cost of living soars
ZIMBABWE: INFLATION CAPITAL / People with spare cash invest in cornmeal, avoiding banks, as cost of living soarsBy Michael Wines
How bad is inflation in Zimbabwe? Well, consider this: At a supermarket near the center of this tatterdemalion capital, toilet paper costs $417. No, not per roll. Four hundred seventeen Zimbabwean dollars is the value of a single two-ply sheet. A roll...
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