Thursday, August 12, 2004

I'm a millionaire in Turkish lira

It sees almost cruel, or certainly at least too easy, to make fun of the Right's poor grasp of economics. But let's face it, they're quite keen on this sort of thing:

From today's ASI blog (and an employee)

There is one sole aspect of being in London that has disappointed me. $1.80 of my hard earned money bought me £1, instantly cutting my wealth in half


It's hard, isn't it? I remember going to Italy in 1999, and thinking that once one was 2,000 times richer, but these days only 1,800 times. My wealth, going from 2,000 times to 1,800 times, was under threat.

Update: A reader writes, "Presumambly the ASI will be advocating our joining the euro - we will all get 40% richer immediately".