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Hyperinflation is Zimbabwe or Brazil during some periods. That's not what I'm comparing it to. High inflation is what we had during the Carter years. People w
by mc32 5y ago
Hyperinflation is Zimbabwe or Brazil during some periods. That's not what I'm comparing it to.
High inflation is what we had during the Carter years. People who lived though it say it was awful. Five per-cent may be on the cusp, but 8% is getting up there where it eats up a wage earner's buying power.
- jonathankoren 5y agoIf you’re not comparing the United States in 2021 to countries where the entire economy has collapsed due to inflation, then why are you using terms like “banana republic”? You could have used the 1970s if you meant the the 1970s, which as someone that barely remembers it, was not a “banana republic”.