lnino

5 ms·

1.
by lnino 9y ago
So, 30% a year is just business as usual? Yes, oil hit then hard. But they already had pretty high inflation before. Not sure what counts as "hyper". Certainly having my salary go down 10% a year automatically is not a reasonable
2.
by lnino 9y ago
The burden of proof is on the side making the nonsensical claim that hyper-inflation is always caused by supply problems, never ever by monetary policy. I've been nice enough to provide some first-hand reports and a few pointers. I&#x2
3.
by lnino 9y ago
There was already super high inflation in both cases before the supply crises. It's just it got way worse because the government reacted to the threat by printing even more money to pay for its spending. Unless you think 100% a year is
4.
by lnino 9y ago
Take a look at other countries historical inflation too. I bet you'll see 50%-100% inflation rates before the supply problems started. Only after the government realizes they can't indefinitely finance their spending by printing m
5.
by lnino 9y ago
Your graph shows a decline in production in the past year or so. The country has been experiencing major economical hardships for several years. The downturn in oil prices only made worse something that was already awful. Take a look at: h
6.
by lnino 9y ago
Hyper-inflation started before the oil price dropped.
7.
by lnino 9y ago
Also note that in both cases (Venezuela and Brazil) there was no external force (war or commercial ban) that artificially reduced supply. At the time Brazil started experiencing hyper-inflation, it was already one of the world's top be
8.
by lnino 9y ago
Brazil 1980-1994. The supply problem only started when the government decided to price control everything, before that you could easily buy all you needed, only you'd need spend all your wages the day they paid you, or you'd lose
9.
by lnino 9y ago
If you want to banish air pollution then allow only electric cars. Perhaps let some basic services use combustion engines because it's cheaper. There is no "free" transportation.
10.
by lnino 9y ago
Try scaling that model the whole world. How do you get some random country to join it? The costs of maintaining all that regulation framework are astronomical and depend on political circumstances that might change quite quickly (Brexit for
11.
by lnino 9y ago
The problem is not just not having access to banks. Try to send money across the world living in the third-world. There's stuff like Western Union in may places, but depending on where you are there are extreme levels of red tape and v
12.
by lnino 9y ago
It's called PoW. Go for the highest total work in the chain. If you go for anything else you are either allowing your self to be attacked by a malicious branch, or you are yourself attacking the network. There's at any given momen
13.
by lnino 9y ago
One of the top 5% economists? LOL Market efficiency is not about prices reflecting "intrinsic value". First lesson of economy is that there's no such a thing. An efficient market allocates resources according to people's
14.
by lnino 9y ago
People think the government is their fairy godmother.
15.
by lnino 9y ago
The author may praise efficiency, but seems not to understand it, for the reasons pointed above.
16.
by lnino 9y ago
It show mostly that people writing about finance can be total economics and technology ignoramuses.
17.
by lnino 9y ago
This article has a lot of economical misconceptions. To name just one of the most blatant: the author complains about wages not growing enough, but also that tech giants are "less efficient" in job creation, having more market val
18.
by lnino 9y ago
Also note that this is the debt of the government, not of the population. There is no guarantee that it will have any objective benefit to the population. Being a third-worlder and having worked for the government and knowing how it works f
19.
by lnino 9y ago
Spot on.
20.
by lnino 9y ago
The merit (or lack thereof) of his claims and views matter little in this case. The case is visible enough and touches on politically relevant points enough so that there will be tons of people on both sides willing to fund this case all th