Just think how nice all those zeroes will look on the new Federal Reserve notes!
Hat tip: Henrik Ræder Clausen.
[Post ends here]
At the siege of Vienna in 1683 Islam seemed poised to overrun Christian Europe.
We are in a new phase of a very old war.
Thursday, March 05, 2009
The Zimbabwe School of Economics
It worked so well for Robert Mugabe; why not try it here?
Just think how nice all those zeroes will look on the new Federal Reserve notes!
Hat tip: Henrik Ræder Clausen.
[Post ends here]
Just think how nice all those zeroes will look on the new Federal Reserve notes!
Hat tip: Henrik Ræder Clausen.
[Post ends here]
7 comments:
Well, I feel better now. : (
The Zimbabwe School of Economics has exactly one purpose:
To keep the incumbent Elite in power.
I don't think it's worth the price tag...
"The Zimbabwe School of Economics".
That's a nice one.
On the other hand, let's not forget that the London School of Economics gave us such luminaries as Mick Jagger, whose music is great, but whose economics are rather uninteresting (except for his business acumen, of course).
Jagger? I just used some of his material in What's so bad about 'Satanic', anyway?.
Rocks hard :)
Fascinating analysis of "Sympathy for the devil", Henrik. I had never read it explained that way. Incidentally, your post helps to realise how well-written those verses are. Contrast that with rap "music".
The London School for Economics might be after something, on second thoughts.
Does anyone else remember the beginning of Stephen King's "The Stand?" That didn't work out too well ..
The Frozen North
Have a note in International Herald Tribune about the British switch to the ZSoE:
The Zimbabwe model
Regarding the article "Weak pound still hasn't hit bottom" (March 5): In a refreshing stroke of creativity, the Bank of England has announced that it will create more money, effectively adopting the Zimbabwe model of coping with economic crisis.
While historical evidence points to the contrary, there is a chance that this trick will work and fix the crisis. But a more sane approach is needed: higher interest rates, higher savings, lower consumption and more productive work.
It might sound conservative - and it is.
Unfortunately our politicians do not have the courage to tell us what we really need: More productive work and a frugal lifestyle.
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