Argentineans:
What would you say are the second and third order effects of inflation?
Particularly interested in non-price related effects.
I have some thoughts on this but very curious to know wha...
2nd:
- Low time preference and consumerism
- Incentivized financial engineering over working and saving
- Distorted incentives around risk management and leverage
3rd:
- Loss of faith in capitalism and the meritocracy
- Calls for revolution
- Low time preference and consumerism
- Incentivized financial engineering over working and saving
- Distorted incentives around risk management and leverage
3rd:
- Loss of faith in capitalism and the meritocracy
- Calls for revolution
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