Monday, April 19, 2010

What is Inflation?

Christopher Pang asks (and answers) that question. This line stuck out:
The latest country to fall to hyperinflation was Zimbabwe, where inflation rate reported to be at 89.7 sextillion (10^21) percent in 2008, about 14% increase in prices daily.
Ouch. I didn't even know 'sextillion' was a unit.

[HT: Astrid]

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