I have written about Zimbabwe and dictator Robert Mugabe's incompetent economic management here and here. But Zimbabwe has hit a new low, now printing the 100 billion dollar bill, worth about one US dollar. However, this bill has been sold on e-bay in the US for as much as $71 dollars (see here), presumably to be used in a rap video... and I thought my one million Turkish bill was cool.
Above, an article from the economist about the world largest bills. Believe it or not, Zimbabwe has a long way to go to reach the Hungarian Pengo note, which had 19 digits! Anyone know what you would call that bill?
July 30, 2008
July 18, 2008
It's opening weekend for Batman's The Dark Knight," and tickets are going for over $100 on Craigslist in New York City. The predictable result of a high demand and a limited supply is of course a high price. My cost/benefit analysis is $10 or less, see the movie; over $10, its Netflix. The movie's reviews have been very favorable, and I look forward to seeing it...just not this weekend.