Just my random thoughts.

Monday, December 31, 2007

Dumb Business Moment #79: Hugo Chávez

Granted, I flunked econ ... To reduce his nation's 17% annual inflation rate, Venezuelan President Hugo Chávez announces a plan to chop three zeroes off his nation's currency. Economists say the move will have the reverse effect, as new pricing will tend to be rounded upward.

http://money.cnn.com/galleries/2007/fortune/0712/gallery.101_dumbest.fortune/79.html

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