Monday, 26 January 2009

Who said you needed textbooks?

Interview with the head of Zimbabwe's reserve bank, aka "Mr. Inflation":
«Your critics blame your monetary policies for Zimbabwe's economic problems.
I've been condemned by traditional economists who said that printing money is responsible for inflation. Out of the necessity to exist, to ensure my people survive, I had to find myself printing money. I found myself doing extraordinary things that aren't in the textbooks. Then the IMF asked the U.S. to please print money. I began to see the whole world now in a mode of practicing what they have been saying I should not. I decided that God had been on my side and had come to vindicate me.»
More on the Newsweek website.

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