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> But I simply want to make it clear that the US is at 8% inflation for the last year while Argentina spent decades with the average annual inflation rate measu
by koolba 5y ago
> But I simply want to make it clear that the US is at 8% inflation for the last year while Argentina spent decades with the average annual inflation rate measured in the hundreds. The two aren't close to the same.
“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.”
- 542458 5y agoWith all due respect, I feel the quote is a bit pithy here. Not all things which are gradual become sudden, and the quote doesn’t give any proof that this is one of those things.
- slg 5y agoWell I guess I shouldn't spend money on food this week as that is a gradual step towards bankruptcy.
- xtracto 5y agoOn the contrary, investing in cans of beans may offer a great way to protect your wealth from inflation. They may be a non-deprecating asset.