Wednesday, June 20, 2007

Inflation in Hell?

A common custom in this part of the world is to burn "money" as a way of transferring wealth to the dead, so that they can enjoy a higher standard of living in the afterlife (BigWhiteMale gives a thorough discussion of the background).

But if there's money, there must be inflation! Chewxy provides a careful economic analysis of the issues. The conclusion? It must be hell to live in Hell- due to the rampant hyperinflation! I'm sure the residents of Zimbabwe would agree (with inflation now running at 4530%)!

Thanks to Marginal Revolution for the pointer- check their original post for a related joke.

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