Economic Illiteracy by Robert Mugabe

This morning I was skimming the paper when I noticed an article stating that Zimbabwe's rate of inflation has hit 3700% on an annual basis, which is up there with Weimar Germany. I nearly choked on my egg when I read the following sentence:

President Robert Mugabe, who holds an economics degree from London University and maintains that printing money keeps prices down...

This is complete economic lunacy, up there with supply-side economics. How can you make it through an entire economics degree believing that printing money would somehow lower inflation.

A couple of years back I saw a VSA vacancy advertised for a financial advisor in Harare- that would be quite interesting right about now....