Zimbabwe introduces a 100 billion dollar bill! Hard to imagine that. Why not simply re-designate the 1 dollar bill to be equivalent to 100 billion dollar and save some paper? Given that the new bill will not even buy a loaf of bread it really makes me think how do business decide on price. If the 'official' inflation at 2.2 million percent is anything to go by, what you charge today will be too cheap tomorrow so how do you decide on a price?
Why not peg your prices to say a kilogram of say potatoes? While it will surely be comic to write on the plaque - this building costing a billion potato was dedicated to the glory of revolution by President Mugabe, it will also serve a reminder to future how an incompetent government can quickly ruin a rich country. A reminder we in India can do with. It might help us who are fortunate to live in a much more stable economy (at least as yet) to make sense of prices. And bring the much needed recognition to the veggie that has staved starvation for many.
Incidentally its a shame that the world has not done enough, a UN resolution being blocked by two of our own best friends Russia and China. I wonder why do votaries of morality in international politics that so eagerly jump on each Indian move with US as evil don't comment on that?
Updated Jul 30.
Apparently their reserve bank thought so too. They have introduced a new currently where 1 new Z$== Z$ 100 Billion of old. (Read is here on BBC). Potato has been denied its own currency
Hindi Literature in Mumbai
9 years ago
3 comments:
Inflation at 2.2million percent!!! wow...the mind boggles at such figures...
just wondering...how much do the whores charge there? The demand for them might have gone down. And with the inflation and the hunger, they might not be charging as high as they did earlier. Wonder if Mr. Geffen thought of this when he came up with his paradox...
And speaking of which, potatos are usually considered geffen goods, their demands would go down as the purchasing power of the people increases and consequently their price. If you use them as currencies, it might increase its demand and its price. So the building that originally cost a billion potatos might just cost a few hundred thousand...thus driving the inflation down!!!
Wow Monk! you might be on to something here!!! Like historians would say later..."That was a million potato find"
Cheerz,
Soulforged
I wonder, how much will a Mc Aloo tikki burger cost? May be Woody Allen would see a film here...an American documentary filmmaker who goes to record the political situation ends up buying a major tv network in Zinzi bar.....! sounds sure fun
Now that the monster has been unleashed, wonder how many potatoes is Behan Mayawati worth? Will the next CII convention have an Ambani being introduced as "From the downtown Mumbai, weighing in at a 130 billion potatoes.."
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