PABLOF7z on nostr

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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Kamo Weasel · 155w

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...

Coney Croft · 122w

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...

bytor · 122w

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