17 Nov 2008

Zimbabwe Central Banker Blames Lazy Citizens for Inflation

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According to this report (HT2LRC),

Reserve Bank Governor Gideon Gono is quoted in The Sunday Mail, a state-owned newspaper, as saying inflation is due to what he calls a “collective failure as a nation” to produce enough, particularly food. He calls on Zimbabweans “to actively play a part in producing for the nation.”

Zimbabwe’s inflation rate is officially 231 million percent, the highest in the world.

I think we will have to wait till after the holidays for Henderson and Hummel to pen a defense of Gono for Cato.

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