Saturday, September 3, 2011

Belarus Hyperinflation Update

Food Runs Out As Friendly Foreigners Take Advantage Of The "Favorable" Exchange Rate Arb

  • We fully expect the exchange rate a year from today to be several million percent higher, as the ghost of Weimar and all other failed Keynesian experiments moves in to haunt this former Soviet satellite country.
  • If only these people had known in advance what happens when a deranged Keynesian madman is in charge of it all...
Calling Paul Krugman....   Calling Paul Krugman....  Calling Paul Krugman...

No comments: