Word: inflationitis
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Your story noted that statistician Enrico Giovannini is upset that people question official European inflation statistics; he claims that people have some "terrible problems of perception." Is it possible he has lost touch with reality? He is welcome to stay in my house for a month and do some accounting...
Such developments are helping to delegitimize Mugabe's regime within Africa, but his response suggests that he has yet to notice the new mood: his critics, he said, could "go hang." Now 83, Mugabe has become increasingly repressive since he won the election at independence in 1980. Although technically a...
Yet as each day ticks by, the situation worsens. Inflation, now at 1,730%, is predicted to rise to over 4,000% by the end of the year. More than 80% of the population live below the poverty line, and mortality rates are soaring. Mugabe, as always, seeks to deflect...
Zimbabwean President Robert Mugabe is used to ignoring international vilification. But the domestic outcry that followed police beatings of opposition leaders and the subsequent squashing of grass-roots protesters may offer players within his own party a chance to depose the octogenarian autocrat, whose rule has yielded 1,700% inflation...
Conservatives are in many ways victims of their successes, and there have indeed been big ones. At 35%, the top tax rate is about half what it was when Reagan took office; the Soviet Union broke up; inflation is barely a nuisance; crime is down; and welfare is reformed. But...