4 ms·
I can tell you why. The same reason everyone blows their paychecks as soon as humanly possible in Venezuela. Prices go up slow enough but faster than they used
by friend_and_foe 3y ago
I can tell you why. The same reason everyone blows their paychecks as soon as humanly possible in Venezuela.
Prices go up slow enough but faster than they used to, people slow down their spending because times are tight. Prices go up fast enough, people spend their money before it is worth less than it is right now.
I'm not surprised it baffles economists. Economists are mostly just finance analysts nowadays.