Tuesday, May 05, 2009

Quote of the day - Mogambo Guru - [Richard Daughty]

And what is the problem with creating excess paper, fiat money? Well, ask the people of Zimbabwe, whose moronic government has been creating so much of it for almost 15 years that, towards the end, inflation in prices could only be poorly estimated, as prices soared more than a million percent, or a billion percent, or more. Nobody knows. A lot, though!

Richard Daughty [Mogambo Guru] - May 2009

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