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