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Be Your Own Counterfeiter
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Being Tim Geithner
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Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Happy Hour
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Recovery Without Rebalancing
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The Shape of Your Recession
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May 16 2008 12:00am EDT
Zimbabwe Datapoint of the Day, Banknote Edition
How does one pay for a $340 million beer? With a half-a-billion-dollar banknote, of course.
This is the fourth set of high denomination notes to be issued this year, the first being in January when a 10 million dollar note was put into circulation. The next was on April 2 when a 50 million dollar note came into being before the 100 and 250 million dollar notes were introduced on May 2.
That $10 million note introduced in January is now worth slightly less than a nickel.
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