Robert G. Mugabe has ruled over this battered nation, his every wish endorsed by Parliament and enforced by the police and soldiers, for more than 27 years. It appears, however, that not even an unchallenged autocrat can repeal the laws of supply and demand.
One month after Mr. Mugabe decreed just that, commanding merchants nationwide to counter 10,000-percent-a-year hyperinflation by slashing prices in half and more, Zimbabwe’s economy is at a halt.
Notes and observations. Diversions and digressions. All done far too infrequently.
Thursday, August 02, 2007
Now here's an idea: "Price Controls"
Never underestimate the stupidity of a socialist tyrant.
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