The remarkable story about Zimbabwean hyperinflation:
The cumulative devaluation of the Zimbabwe dollar was such that a stack of 100,000,000,000,000,000,000,000,000 (26 zeros) two dollar bills (if they were printed) in the peak hyperinflation would have be needed to equal in value what a single original Zimbabwe two-dollar bill of 1978 had been worth. Such a pile of bills literally would be light years high, stretching from the Earth to the Andromeda Galaxy.
Shadowstats’ John Williams: Prepare For The Hyperinflationary Great Depression
(via Kottke)
Previously:
- Economy will get a lot worse — The Economist – Boing Boing
- Poring over inflation with the Consumer Price Index in hand …
- Mudflation: inflation in virtual worlds – Boing Boing
- Stiglitz: America's double-standard on economic crises infuriates …
- Zimbabwe currency on eBay – Boing Boing
- Zimbabwean $100 trillion note – Boing Boing
- $134.5 BILLION worth of US bonds seized from smugglers at Swiss …
- Slate's readers submit photos about the recession – Boing Boing
- Zimbabwean $100 trillion note – Boing Boing
- Zimbabwean billboards from trillion dollar notes – Boing Boing