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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 what you’ve observed.

(Writing in English because I want this to be useful to non-argentineans to learn from)

Boost tagging argentineans for visibility.

Cc @nostrich

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The poorest suffer the most. They eat worse food and health issues increase. More deaths happen. For middle class, they stop doing many things that are more expensive now, for example traveling or hobbies. More depression issues overall. Worries about the future, or about falling out of middle cla...

🇦🇷🧡 Marcel 🟠⚡️ #Bitcoin is Hope 🙏 · 163w

The feeling that there is no hope. Nothing can be planned. And the feeling nobody can solve this.

Kamo Weasel · 163w

Good day Pablo. It is a complex issue. I think the biggest problem a lot of times is not having price references. One can walk one neighborhood or another and find different prices for the same products. There are months when there is a lot of price volatility and many people or factories do not h...

Good day fellow Argentinians. As you can see on my profile I’m from Venezuela, and let’s say I have a “master degree” when it comes to live in a inflationary environment. What it’s being said about taking debt it’s totally right, one can navigate the waves easily while knowing for sur...

With this I’m not trying to scare anybody, just be ready. It may happen the same way or Argentina will play better than Venezuela has (that I really hope). Leaving one’s country and become and inmigrant is never the same. In the mean time, stay strong and buy some fucking Bitcoin if you haven...

And my bad, didn’t read the “non price related” 😂 sorry, I’m just waking up and started my rant

Mike Hobart · 163w

There’s also a dynamic of humans being caught-up in such an environment (being trapped on the fiat hamster wheel) that results in physiological impacts. Such as chronic stress and anxiety, which weaken the body and immune system, negatively impacting individual health as well as matters of fertili...

NotGuiltyThisTime · 163w

You can't talk about inflation without talking about price related things. Also in Argentina is more complex cause the non working social class that take free money from the gov (51%+ of the population) and the peronists. But stress about that you can't pay your bills, the gov stealing your time and...

Weinicus · 163w

Was just in Argentina for 4 months. For one, I would say it's forcing people wanting to leave to seek better opportunities.

nostr:nevent1qqsqjjy3zcgsjh5hfuh68jczp5jq4qpj4em646y0lpw0479f9k8g26gpp4mhxue69uhkummn9ekx7mqm8yhfj

jespada · 163w

- Missalocation of time (how much ppl spend doing financial engineering just to survive) - overconfidence on the dollar (saving for long term in dollars)

Sato🇦🇷🍄⚽🙏🐉 · 145w

Of course the acceleration in consumption and desperation to spend the money would be the first order. In second and third order is not clear. There is something dizzy about pricing things. And this dizziness extends to the relationship with people. And this extends to moral and ethic values. So th...

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 · 130w

hey... I think inflation creates massive distortion and incentivizes wrong behaviors - Most people, in countries like ours, don't have much to save.. so broadly speaking they simply learn that there is no point in saving, you just need to spend in whatever thing as saving money makes no point. - B...

I love nostr:npub1nccwjspr3nv7h67xx2qhdh2dzzvpyy55gte2dsu8yl7xd7n74y9qydz7mj's diary and stories about the inflation. He's an Austrian economics wizard with a bunch of first hand experience. https://github.com/lontivero/HyperInflaction/blob/main/1.%20Introduction.md

For me the most evil effect is that everyone is tricked into becoming a thief. With every payment you make, you steal purchasing power from those who receive that money later. Vicious.

BankSith · 130w

Psychology. Now wants to start a business because it is hopeless. 😔 nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx

LiberLion · 130w

Disinvestment and poverty, in that order.

Coney Croft · 130w

The US dollar will drain your natural resources. The US will endlessly print money to buy your resources. As they do your classes of your people will divide into more disperse upper, middle and lower classes of people. As the printed money filters down to the lower class it will buy them less, and t...

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