It seems that there is a trend sweeping the world. People want to see how many historical accepted economical principles can be broken before you have a disaster. China and the US are the trend setters in this regards, but Zimbawe is in a class all by itself.

This is how Mugabe is fighting inflation (this from Letters)…..

Dear Family and Friends,

Zimbabwe has been engulfed in a macabre and tragic frenzy this week and frankly, it beggars belief. Across the country what has been called a “Taskforce” has been unleashed by the government to force shop owners and businesses to cut their prices by 50%. The price cut enforcers are army men in camouflage clothes, police in uniform and large numbers of youth militia.They go from shop to shop and simply pick on items they want reduced : SLASH THAT PRICE, is the phrase we are hearing again and again and then products have to be sold for less than they were purchased for. Shop owners who refuse to cut the prices face arrest and having their goods seized. Some have been assaulted, others had their premises trashed and windows smashed.

The result of it all, inevitably, is rapid collapse and many goods and foods have now become completely unavailable including all the staples which were already difficult to find such as flour, oil, sugar, salt and maize meal. Joining the list now are most other normal household products in daily use such as soap, candles, matches, milk, eggs, margarine, rice, bread and the list grows longer by the hour and day. As the prices are ordered down hordes of people with bagfuls of money swarm behind and buy up all the stocks. Shops are displaying signs announcing that only one of each item may be purchased but entire gangs are moving around in dozens and just cleaning everything out.

I feel sorry for the people of Zimbabwe. But I can’t help find Mugabe’s rule to be an interesting experiment in how many stupid things it is possible to do before you lose power.