Re:Why inflation is not a threat
by mrtksn on Sunday March 14, 2021 @11:54AM
(#26456351)
You are right but probably in your case there's a second component: Economy crumbling due to political instability or something of that sort.
Extreme inflation is not the same as the inflation we see in the western countries, it is usually accompanied with some turmoil therefore the salaries do get adjusted but they get adjusted beneath the inflation as the economy gets smaller. Once the stability is achieved, you can end up with an order of magnitude higher inflation that the rich western countries but have noticeable increase from year to year in terns of quality of life and access to import goods.
Probably my claims don't cover any case of hyperinflation because that always comes with other problems too, therefore you probably don't have a healthy economy in hyperinflation.
Extreme inflation is not the same as the inflation we see in the western countries, it is usually accompanied with some turmoil therefore the salaries do get adjusted but they get adjusted beneath the inflation as the economy gets smaller. Once the stability is achieved, you can end up with an order of magnitude higher inflation that the rich western countries but have noticeable increase from year to year in terns of quality of life and access to import goods.
Probably my claims don't cover any case of hyperinflation because that always comes with other problems too, therefore you probably don't have a healthy economy in hyperinflation.