Hot Air’s Allahpundit, on why the North Koreans suddenly decided to relax restrictions on their markets before everybody quite died of starvation:
The key to this[…] is last year’s currency exchange, in which the NorKs tried to counter inflation by announcing that 100 units of the extant currency would henceforth only be worth one unit. No problem there — except for one small detail. They set a limit on how much currency each citizen could exchange, so if you had the equivalent of $100,000 stashed away in “old” money and the exchange cap was set at $100 of “new” money, guess what: You just lost the equivalent of $90,000. With people’s savings up in smoke, a new round of starvation duly began and now they’re trying to head it off by all but declaring defeat at the hands of the vengeful ghost of Adam Smith.
Continue reading #rsrh QotD, Angry Capitalist Spectre edition. (NSFW)