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Jim’s Quote of the Day:

“If that (extensive printing of money) doesn’t weaken a currency, I don’t know what will. Extensive printing of money — get it from me, I have got experience in that so if there is something that I can teach the world as free advice to the US and those countries that are relying on the printing press is — Don’t do it!” – Dr. Gideon Gono, Governor of the Reserve Bank of Zimbabwe. (As quoted July 21, 2011, at the Independent Dialogue sponsored by the Zimbabwe Independent in Harare [1], while responding to questions about when the country was likely to return to the Zimbabwean dollar.)