$15 million for two pounds of chicken

Inflation in the South African nation of Zimbabwe has reached Weimar-republic-like proportions. Michael Gerson writes how that nation’s dictator President Mugabe–who famously confiscated the land of all white farmers, who had supplied much of the food supply for generations–is funding his predatory government by simply printing money.   Back in 1980, a Zimbabwe dollar was worth about as much as ours.  Today, a newspaper costs $3 million, and a two pounds of chicken costs $15 million.  People have to carry around boxes of money.  If someone doesn’t collect a bill within 48 hours, it isn’t worth collecting anymore, since by then the hourly inflation will have rendered the original amount into chump change. 

About Gene Veith

Professor of Literature at Patrick Henry College, the Director of the Cranach Institute at Concordia Theological Seminary, a columnist for World Magazine and TableTalk, and the author of 18 books on different facets of Christianity & Culture.

  • Bror Erickson

    So I wonder what this means for the U.S’s new commitment to Africa? Zimbabwe has been a mess for quite sometime. This is that whole thing about revolutions though, one tyrant throws another tyrant out. Whose to say who was better. Back when it was Rhodesia, the whites in control atleast knew a little bit about running a country and farming, but lets face it they weren’t angels. Mugabe has arguably been worse to his own people, but it is forgiven because he runs the whites out of town. It will probably get worse before it gets better.

  • Bror Erickson

    So I wonder what this means for the U.S’s new commitment to Africa? Zimbabwe has been a mess for quite sometime. This is that whole thing about revolutions though, one tyrant throws another tyrant out. Whose to say who was better. Back when it was Rhodesia, the whites in control atleast knew a little bit about running a country and farming, but lets face it they weren’t angels. Mugabe has arguably been worse to his own people, but it is forgiven because he runs the whites out of town. It will probably get worse before it gets better.


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