Sky-High Gas Prices? Try 3,700 Percent Inflation

Photo of Ken Shepherd.

As gas prices are on a springtime upswing and the summer driving season is upon us, NewsBusters and the Media Research Center's Business & Media Institute have documented the media's persistent hype about gas prices.

But if the media really want a story about an economy running on fumes, they need look no further than Zimbabwe, where socialistic thuggery has resulted in a starving nation bedeviled with 3,700 percent annual inflation and electricity rationing.

Oh, things weren't always this bad. This time last year it was only at 1,000 percent inflation in Zimbabwe, and that's over 100 times worse than the single-digit "stagflation" that then-CNN contributor Andy Serwer feared just five months before the 2006 midterms.


Comments Policy

All comments are owned by whoever posted them and are subject to our terms of use. They should not be assumed to represent the views of NewsBusters.

Viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Zimbabwe

Zimbabwe is probably finished as far as economic growth is concerned. But many many more countries will be following suit, and I hate to break it to ya it dont got nothing to do with socialism. And that is a good thing because the US is technically, in terms of dollar amounts, the largest socialist nation in the world. The evidence is rolling in that global oil production peaked over a year ago, and our economic growth is predicated upon oil consumption. It may feel good for you to bash Zimbabwe for whatever stupid reason, but your glee could be very shortlived...

Iconoclast

Well, Iconoclast, you've left a trail of brainless posts this afternoon like the one above, and I've tried my best to engage you.  What's the matter?  Don't feel confident enough in your prattling to defend yourself?  Come on, show us your stuff!

I agree. Zimbabwe should be h

I agree. Zimbabwe should be held up as a shiny example of the glorious success of totalitarian socialism. Dumbass.

Carl? Carl?Where are you, Car

Carl?

Carl?

Where are you, Carl?

A Zimbabwe reference has been made, but no sign of Carl!

I rely on the Zimbabwe covera

I rely on the Zimbabwe coverage that comes from "The Shrub Report".  In fact I get my best knowledge about what's going on from that publication.  Since we don't get the "Shrub Report" as much as we used to, I've been reading quality publications like "Star" and "Us".  These aren't nearly as provactive and informative as "The Shrub Report", but it'll do. 

I did see where Zimbabwe is probably going to be heading some type of thing at the UN though.  I wonder if the UN learns all their skills from old manuals from the League of Nations.

"I've always been crazy, but it's kept me from going insane"  Waylon Jennings

Whew! I knew you let me down,

Whew! I knew you let me down, my friend.

You mentioned the UN, did you not? Read this piece of excellent writing!

Roger...I know you were talki

Roger...

I know you were talking to Carl but I want to thank you for this information ....I have been sick about Zimbabwe for numerous years and the non-media attention.

I am just shaking my head at the moment after reading that article.