Professor Mark J. Perry's Blog for Economics and Finance
Posted 8:03 AM Post Link
Most worthless currency?Not entirely sure you know: that bill there is worth, umm, some 4 times what a US $1 bill is worth, isn't it?(Yes, yes, I know, but it's Wednesday, time for my weekly outburst of pedantry.)
Just to say, I wouldn't give someone more than $1 for that bill. I would be buying it to keep as artwork, not as money, therefore by the time I unload it, inflation would have made it worth a matter of pennies.
Shhh...don't let Mugabe know that he has ruined his own country. He might actually believe that he lost the election.
Is it not remarkable that a man who has single-handedly brought a prosperous nation to total economic chaos, is fighting to stay in control?
http://gregmankiw.blogspot.com/2008/04/do-chinese-imports-benefit-poor.htmlInteresting post regarding inflation in the U.S. and the benefit of Chinese imports to low income Americans.
It's worth a hell of a lot less now!!!BWAAAAhhhhhahahahahahahahaaa!!!:oP> inflation would have made it worth a matter of pennies.If you paid pennies for it now, you be getting ripped off... LOL.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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