Anyone who wants to understand our current economic crisis–and the effect of the bailout–can get a concise explanation from Vox Day.
We’ve both been saying the same things, but he’s the one with the economics background whereas I’m just a rank amateur.
Zimbabwe Inflation Rate: 231 million percent!
Hat tip: Ted Slater of Boundless. Robert Mugabe continues to drag his country into the economic abyss.
If our Federal Reserve keeps printing money as they are doing, we probably are not far behind Zimbabwe.
It is sad that neither Presidential candidate understands economics well enough to question why our Department of Treasury–and Federal Reserve–are embarking on the same policies that failed for Weimar Germany, Argentina, Bosnia-Herzegovina, and Zimbabwe.