Wednesday, May 18, 2011

Climateer Line of the Day: Zimbabwenomics

From New Zimbabwe:
...Gono said the inflationary effects of United States’ deficit financing of its budget was likely to impact other countries to leading to a resistance of the green back as a base currency....
Dr Gideon Gono is the Governor of the Reserve Bank of Zimbabwe
On his watch Zimbabwe's money supply increased from $45 billion to more than $900 quadrillion.
He is the recipient of the 2009 Ig Nobel Prize in Mathematics (also on blogroll at left):
BONUS: See Dr. Gono’s book Zimbabwe’s Casino Economy — Extraordinary Measures for Extraordinary Challenges, Gideon Gono, ZPH Publishers, Harare, 2008, ISBN 978-079-743-679-4.
HT: Jr. Deputy Accountant