Archives for inflation



The Quiet Danger of Non-Inflation-Adjusted Stock Returns

In today’s Wall Street Journal, E.S. Browning has written a quietly important article (gated) about the fact that stock-market returns are almost never adjusted for inflation. While most shrewd investors factor in this omission, my sense is that a great many people never think about it, and therefore significantly overestimate their investment gains. Read More »



The Cost of Really Bad Government

When does a press pass cost $27 billion? When you’re a local reporter in Zimbabwe working for a foreign news outlet. Foreign Policy‘s Passport Blog reports that the government in Zimbabwe will begin assessing local journalists a fee of between $1,000 and $3,000 U.S. for the right to send news out of the country. Considering […] Read More »



FREAK Shots: When Money Goes Down the Toilet

At around 231 million percent, Zimbabwe’s hyperinflation (which we’ve written about before) is currently the highest in the world. Blog reader Ben Saltsman sent us this photo of a restroom sign in South Africa, which hints at one use for Zimbabwe’s severely devalued currency: Photo: Eugine Baron But is it cost-effective for Zimbabweans to use […] Read More »



A License to Print Money

Where can you go to get a $1 billion dinner? Zimbabwe, where runaway inflation has given rise to mulit-million dollar loaves of bread as the country’s currency moves even further into collapse. So could now be the best time to invest in Zimbabwe? Oxford University economist Paul Collier writes in the Boston Review that Tanzania, […] Read More »



FREAK Shots: $1 Billion Dinners and Other African Pricing Problems

Fares for a trip to Goree Island in Senegal (the Communaute Financiere Africaine franc, CFA, is the Senegalese currency) break down like this: Foreigners: Adults- CFA 5,000 (US $13) Children- CFA 2,500 (US $6) Africans: Adults- CFA 2,500 (US $6) Children- CFA 1,500 (US $3.60) Senegalese: Adults- CFA 1,500 (US $3.60) Children- CFA 500 (US […] Read More »



The FREAK-est Links

A breakdown of current inflation psychology. VP of biofuels company to chat online about ethanol production. (Earlier) The link between women’s hairstyles and the Japanese economy. Tech pioneer predicts human-robot marriages to happen in the next 50 years. Read More »