A Nation of Beggers
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Ugh. I spent a lot of time down there in the late 90s. They had recovered from weimar-style inflation a few years earlier. The peso was pegged to the dollar and, to boost confidence, all ATMs gave you a choice between dollars and pesos when you withdrew money.
O just checked, it's now 221 to the dollar.
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What do people do when inflation is so high? How do they cope?
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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I don’t know. A friend of mine told me that during the hyperinflation era they didn’t put price tags on staples in the grocery store, rather they’d announce new prices every few hours. He told me about a woman crying when they announced new prices as she went to put some of her items back.
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I don’t know. A friend of mine told me that during the hyperinflation era they didn’t put price tags on staples in the grocery store, rather they’d announce new prices every few hours. He told me about a woman crying when they announced new prices as she went to put some of her items back.
@jon-nyc said in A Nation of Beggers:
I don’t know. A friend of mine told me that during the hyperinflation era they didn’t put price tags on staples in the grocery store, rather they’d announce new prices every few hours. He told me about a woman crying when they announced new prices as she went to put some of her items back.
I have a friend who worked in Taiwan Economic Cooperation Office in Brazil during their time of super high inflation. Credit cards were usually not accepted by most places because by the time the company got paid by the credit card company, it was worth so much less.
TECO had to keep large large amounts of cash on hand to pay everything.
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