10 January 2010: Value of North Korean Won Continues to Plummet
MORE REPORTS OF DRASTIC FOOD PRICE INFLATION in the North: Prices probably also vary dramatically between regions. The series of diktats I’ve called The Great Confiscation has the potential to become the grimmest and most unnecessary humanitarian tragedy since the Arduous March, but unlike the 1990’s, North Koreans know more about life on Earth, and there are no more obedient subjects left outside Pyongyang who’d just die passively. The question isn’t whether North Koreans will resist; it’s is whether the...