430,000,000,000,000,000,000,000,000,000,000,000,000%

This is the annual inflation for Robert Mugabe’s Zimbabwe. Command economy has proven a success once again. Interestingly, in their opposition to independent central banks, leftist politicians in Europe still claim a link between low inflation and high unemployment. But I think their theory is easily refuted by Zimbabwe’s 80% unemployment rate.

At this moment, one Zimbabwean dollar buys 0.00005 euros or 0.00056 Swedish kronor.

(Via Johan Norberg.)