www.nettime.org
Nettime mailing list archives

Re: <nettime> Now this is inflation...
Michael H Goldhaber on Thu, 17 Jul 2008 07:03:31 +0200 (CEST)


[Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index]

Re: <nettime> Now this is inflation...


This is still not impressive compared with the Hungarian  hyperinflation of
the late 1940's. which reached a ration of 10 to the  29th power.  See
Wikipedia:     

http://en.wikipedia.org/wiki/Hyperinflation#Examples_of_hyperinflation

As to running out of paper, old bills can either be redefined, as happened
in Serbia, or overprinted.  Not that this si much consolation for average
Zimbabweans.

http://en.wikipedia.org/wiki/Hyperinflation#Examples_of_hyperinflation

Best,
Michael

On Jul 15, 2008, at 9:05 AM, Patrice Riemens wrote:

>> From The Zimbabwean, July 14, 2008
>
> Banknote paper shortage spells trouble
>
> (pic.)
> [1] A man shows a new Zimbabwean note in May. It was replaced by
> 25-billion and 50-billion-dollar bills (worth a U.S. dollar). With
> printing slowed, a shortage has arisen.
>
> see orig at: http://www.thezimbabwetimes.com/?p=895 for pic.
> pics of 25bn and 50 bn Zim$ notes at:
> http://www.tomgpalmer.com/archives/042582.php#comments
 <...>


#  distributed via <nettime>: no commercial use without permission
#  <nettime>  is a moderated mailing list for net criticism,
#  collaborative text filtering and cultural politics of the nets
#  more info: http://mail.kein.org/mailman/listinfo/nettime-l
#  archive: http://www.nettime.org contact: nettime {AT} kein.org