Economic warning signs, xtreme version

Ethan Zuckerman is in Harare, grappling with an inflation rate of 1200%.

To review – signs that your economy is in trouble include:

– You can’t use your own money to purchase essential goods and services.
– Critical goods, like petrol, can be purchased by average citizens only if they’re willing to break the law.
– Prices change so fast it’s not worth printing them.
– Your currency includes an expiration date, and may well be worthless before that date.

And it’s probably not good news if you’re brushing your teeth with beer, either.

I remember when Israel was experiencing hyperinflation, the joke was that it was cheaper to take a taxi than a bus. Why? In a bus, you pay when you get on, but in a taxi you pay when you get out.

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