Wednesday, March 19, 2008

Of Eggs and Socialism

I was irked when the price of eggs jumped over $2.00 per dozen. They now rest comfortably at $2.39.

Despite all of that I'm glad I don't live in Marxist-socialist Zimbabwe where Robert Mugabe's centrally controlled economy has produced an inflation rate of 100,000% and the world's most expensive egg.

That egg? $3.5 Million Zimbabwean Dollars.

When Mugabe took office 26 years ago, 1 US dollar was worth 1.6 Zimbabwean dollars, or, translated into today's egg chronicle, about $3.82 a dozen.

Before socialism, $3.82 per dozen. Twenty six years after socialism, $42,000,000.00 per dozen.

A Denny's grand slam breakfast? Forget about it.

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