A Hundred Very, Very, Very Large Buys You Three Eggs
The answer is, in Zimbabwe, not very much. Back in July, the government of Zimbabwe issued one hundred billion dollar notes. With one, you can buy four oranges or three eggs as shown in the picture above. But they still cannot buy you a loaf of bread.
Once-prosperous Zimbabwe has seen an unprecedented economic meltdown since it gained independence in 1980. The official inflation rate is now at 2.2 million percent. And, the reason for this? I’m no economist, but I know enough to submit two words as evidence: bad leadership.
Robert Mugabe has a lot to answer for in Zimbabwe. His is a bitter betrayal. Once a hero, revered for his part in the country’s fight for independence from England (remember colonial Rhodesia?), he has led the country deeper into sectarian violence and economic collapse. Zimbabwe, once a net exporter of food and one of the strongest economies in Africa, now it cannot feed itself. A true recipe for disaster.
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