3 ms·
Zimbabwe? Probably not, but I think something similar to Argentina (it is not unusual to see credit card offers with 100%+ interest). We won’t see 1,000x inflat
by oceanplexian 5y ago
Zimbabwe? Probably not, but I think something similar to Argentina (it is not unusual to see credit card offers with 100%+ interest). We won’t see 1,000x inflation but strojg inflation could be in the cards, especially if we keep expanding the money supply.
Eventually something has to give.
- BizarroLand 5y agoI'm not an economics expert but I'm guessing we're teetering on the edge of stagflation. https://en.wikipedia.org/wiki/Stagflation https://en.wikipedia.org/wiki/Stagflation Unlike the 70's it's not a single thing that had had upsets but multiple things in countless pipelines, increasing the cost and difficulty of getting workers, materials, and transportation. I'm guessing logistics are all screwy in dozens of areas and prices are rising as fast as they can while capitalistic opportunists are trying to "get theirs" in the melee.
- France_is_bacon 5y agoYes, I agree. I was just trying to give an overall feel of the situation, rather than the specifics. I added specifics to help understand, but whether or not it is exact is not really my point, it was to give a 35,000 foot view, while looking at a tree or two in general.