karead
16th Jul '08 Wed, 17:39
Check out Zimbabwe, where inflation is at 66,000% and you can have a billion dollar dinner easy...
http://img150.imageshack.us/img150/5671/pricingoneau8.th.jpg (http://img150.imageshack.us/my.php?image=pricingoneau8.jpg)
The caption on the pic above reads:
Freakonomics reader Justin Dombrow sent in this receipt from a dinner his South African friend had at the Victoria Falls Hotel in Zimbabwe.
But Dombrow’s friend doesn’t have to be rich to pay one and a quarter billion Zimbabwe dollars (ZWD) for two beers, a mineral water, and one dinner.
Thanks to inflation, it comes out to just $2.70 in U.S. dollars (according to OANDA.com).
Zimbabwe’s severe inflation sparked a parody of the Million Dollar Homepage — The Million Zimbabwean Dollar Homepage (worth US $0.002159).
Link: http://freakonomics.blogs.nytimes.com
http://img150.imageshack.us/img150/5671/pricingoneau8.th.jpg (http://img150.imageshack.us/my.php?image=pricingoneau8.jpg)
The caption on the pic above reads:
Freakonomics reader Justin Dombrow sent in this receipt from a dinner his South African friend had at the Victoria Falls Hotel in Zimbabwe.
But Dombrow’s friend doesn’t have to be rich to pay one and a quarter billion Zimbabwe dollars (ZWD) for two beers, a mineral water, and one dinner.
Thanks to inflation, it comes out to just $2.70 in U.S. dollars (according to OANDA.com).
Zimbabwe’s severe inflation sparked a parody of the Million Dollar Homepage — The Million Zimbabwean Dollar Homepage (worth US $0.002159).
Link: http://freakonomics.blogs.nytimes.com