4 ms·
I lived through hyperinflation as a kid (obviously not in the US). One of the things that kept us afloat were the 2 family cars - my parents sold them for a big
by herval 5y ago
I lived through hyperinflation as a kid (obviously not in the US). One of the things that kept us afloat were the 2 family cars - my parents sold them for a big profit, then sold the new cars again couple months later. Owning equity was a risky proposition at the time, as many companies went bankrupt overnight (including banks). You either kept the money in savings accounts that were indexed by gov bonds, or you’d lose most of your money value in a week.