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gideon gono

Annals of Weimar inflation warnings, BoE edition

“I want to deplore our level of yields which is very low, pathetically low”

Gideon Gono, head of the Zimbabwe Central bank, September 21, 2005
“The fact that yields haven’t risen now, I think, does to my mind hold out the prospect that it is possible to put in place a proper framework for fiscal consolidation, More…

Gideon Gono, hyperinflator

Quote (or rather quotes) du jour from Newsweek’s interview with Zimbabwe’s central bank governor, Gideon Gono:

I sit back and see the world today crying over the recent credit crunch, becoming hysterical about something which has not even lasted for a year, More…