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> (no one under 50 has really witnessed it in their adult life) Akhem, there are places outside America. I still have the postage stamps for 100,000 monetary u
by Swizec 5y ago
> (no one under 50 has really witnessed it in their adult life)
Akhem, there are places outside America. I still have the postage stamps for 100,000 monetary units from the late 1980’s and early 1990’s Yugoslavia in my mom’s basement somewhere.
My parents’ tales of ridiculous mass inflation have been etched into my brain. I was too young to remember, but the spectre loomed large. Especially in the mid 1990’s when the rest of Yugoslavia set the world record for monthly inflation that still stands today. Luckily we were our own country with our own money by then.
At one point hyperinflation reached 2% per hour.
https://en.wikipedia.org/wiki/Hyperinflation_in_Yugoslavia https://en.wikipedia.org/wiki/Hyperinflation_in_Yugoslavia
I believe many parts of South America are going through high levels of inflation right now.
- imtringued 5y agoZimbabwe could have implemented a land value tax on farmland to achieve its goals to undo colonization, instead they violently drove farmers away and then they could no longer feed themselves. Zimbabwe was just another victim of Marxism, to be more precise anti colonial Marxism. Imagine if the president of the USA decided to solve the homeless problem of the black population by pointing guns at white homeowners and forcibly dragging them out of town. It's clearly unsustainable. There might be truly disgusting capitalists like martin shkreli on this planet but they don't attack you directly, they merely deny you your fair share of the wealth you have created.
- rbinv 5y ago> Zimbabwe was just another victim of Marxism, to be more precise anti colonial Marxism. What's the difference between Marxism and "anti-colonial Marxism"?