Zimbabweans Turning Away From Government Money?
Via David Theroux at the Independent Institute blog I now see that many are starting to think like that in Zimbabwe now. Gasoline, in the form of gasoline coupons, is increasingly used as currency with many openly pricing their goods in terms of liters of gasoline. Although the article says that this is equivalent to barter, it is more accurate to say that if gasoline were to become de facto currency, this would mean that Zimbabwe would have a commodity based monetary system, quite similar to the gold standard. I suspect however that the Mugabe regime, seeing its revenue source vanishing, will use violence to crack down on this practice.