Lessons on Inflation

It is quite funny/disturbing to read news stories on inflation. The authors seem to be confused or mystified by this strange phenomenon. The talk of this "inflation" as if it springs up out of the ground like a mushroom or that it settles on a county as if it were a poison swamp gas blown in on an ill wind. I am always on a lookout for articles on US inflation and that ultra mysterious Zimbabwean inflation. Most articles talk of the horrendous Z inflation but never never tell us where it comes from as if no one knows. Even when an article does touch on the answer, the author stops short of obvious. Here is a quote from an article in the Scotsman

"Where money for projects has not been found, we will print it," the former guerrilla leader told town councillors on Friday, apparently ignoring the generally accepted view that printing money is a recipe for inflation.

Aaaaaah, "generally accepted view"!

No, wait there is more this time from the Timesonline.

President Mugabe, who holds an economics degree from London University and maintains that printing money keeps prices down, added a new weapon to his quixotic war with inflation this week, and signed laws to establish an Incomes and Pricing Commission. It will have sole right to set charges for the hundreds of price-controlled items, and establish profit margins. Anyone who violates the fixed prices can be jailed for up to five years.

President Mugabe, who holds an economics degree from London University??????? This makes me sooooo mad, I am laughing my head off.
"Printing money keeps prices down" Whaaaaaat?

How many times have the leaders of a country tried to have their cake and eat it too? LOTS. How many times has it worked? NEVER.

Mugabe should write a book, "How to ruin a country 3 easy steps". I doubt it would sell well though as most world leaders already know the steps and are putting them into effect, just a little more slowly.