3 ms·
I can’t find the opinion piece from WaPo I posted here a few months ago, but basically the author had said that in hyperinflation, it’s not that things get more
by rm_-rf_slash 8y ago
I can’t find the opinion piece from WaPo I posted here a few months ago, but basically the author had said that in hyperinflation, it’s not that things get more expensive, but that money breaks down.
He used an example of buying a can of tuna as soon as you get paid. If you wait you won’t be able to afford that tuna with the same paycheck again and even if you don’t want the tuna now you may need it later, or it could be more useful for bartering than cash.
Basically you get rid of your cash in favor of tangible goods ASAP at every opportunity.