{"id":1120,"date":"2008-05-15T14:57:24","date_gmt":"2008-05-15T20:57:24","guid":{"rendered":"https:\/\/www.roughtype.com\/wp\/?p=1120"},"modified":"2008-05-15T14:57:24","modified_gmt":"2008-05-15T20:57:24","slug":"beer_money","status":"publish","type":"post","link":"https:\/\/www.roughtype.com\/?p=1120","title":{"rendered":"Beer money"},"content":{"rendered":"

If you think the daily increases in gas prices are painful, just be glad you’re not living in Zimbabwe, where the inflation’s so bad that they just added a half-billion-dollar note to their currency. A contributor to the economics blog Daily Speculations reports<\/a> on a recent lunch in the country:<\/p>\n

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During the meal, one of my mates was drinking beer – 750ml bottles of Castle Lager (fondly called bombers) he ordered a 5th one, was advised that the price, which when he ordered his 1st, 2nd 3rd and 4th ones was 160 million per bottle, had gone up to 340 million per bottle. That’s right: During lunch – there was a price increase\u2026<\/p><\/blockquote>\n

The price increase is amazing, but the beer intake is pretty impressive, too. If my calculations are right, a 750 ml bottle is a little more than two 12-oz bottles, so the guy had already downed eight beers and was heading for ten when he was so rudely interrupted by the price hike. Pretty strong effort for an economist.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you think the daily increases in gas prices are painful, just be glad you’re not living in Zimbabwe, where the inflation’s so bad that they just added a half-billion-dollar note to their currency. A contributor to the economics blog Daily Speculations reports on a recent lunch in the country: During the meal, one of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1120","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.roughtype.com\/index.php?rest_route=\/wp\/v2\/posts\/1120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roughtype.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roughtype.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roughtype.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roughtype.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1120"}],"version-history":[{"count":0,"href":"https:\/\/www.roughtype.com\/index.php?rest_route=\/wp\/v2\/posts\/1120\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.roughtype.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roughtype.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roughtype.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}