5.04.2006
"Hey folks, how about double or nothing?"
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Alan Gabriel Ludwig García Pérez, President of Peru from 1985 to 1990. Reuters photo by Pilar Olivares.
Unbelievable. Where else but in Peru will people even contemplate bringing back a president who introduced the country to the horrors of hyperinflation? How bad was it? According to the Wikipedia entry on Garcia, he presided over a cumulative total of 2,200,200% inflation, between July 1985 and July 1990. Let's spell it out: that's two million, two hundred thousand, two hundred percent.
This guy just might deserve the title of "Worst President Ever," but that title's been taken.
Tags: Alan Garcia, Peru, election, hyperinflation, inflation