Billions Spent on Bread in Zimbabwe

Of course in Zimbabwe a billion won't buy you what it used to.

In Zimbabwe the crack economic team of President Robert Mugabe has put the brakes on inflation and has lowered it to an estimated 231 million percent. Marxism has its own little laboratory in which to work in Zimbabwe and in that laboratory the meter is spinning.

In northern Michigan, a good loaf of bread costs about $2.00 though you can spend more than that if you want and, if you are willing to choke down slightly dry generic slices, you can do so for less. For toast would it really matter much?

The Zimbabwean government has issued new $50,000,000,000.00 and $20,000,000,000.00 bills to help citizens of its Marxist paradise buy bread. The larger note is sufficient, today, to buy two loaves of bread. In a week or so it will buy less.

When the government issued a $10 billion note just three weeks ago, it bought 20 loaves of bread. That note now can purchase less than half of one loaf.

On a h/t from Stonehands who I believe likes his bread nice and moist.