Friday, August 03, 2007

Zimbabwe Mess Gets Even Worse

Whenever I hear a new story about Zimbabwe my immediate thought is "surely now things can't get worse". But time after time Mugabe manages to prove that thought wrong. Just as one could have expected, his attempt to stop hyperinflation not by stop the printing of money but by draconian price controls enforced in a brutal manner by his thugs, have made things even worse there as the shelves of stores are empty and production is halted everywhere as the prices Mugabe's thugs try to enforce imply massive losses for producers.


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