Zimbabwe state employees to be paid in US dollars

The face of the armed policeman stationed outside the Russian Embassy yesterday said it all: he grinned widely when asked if he had been paid in hard currency. His monthly pay last month of 30 trillion Zimbabwe dollars could not buy so much as a single banana today…The Central Bank recently knocked 12 zeros off the local currency — turning one trillion dollars into one dollar — in an effort to get the economy moving again, to no avail.

Wow.

Thank heaven that our government isn’t pursuing such inflationary policies.

If they were, it might bode ill for our future.