My company has remote employees in a 3rd world country who prefer to be paid in crypto rather than on their bank account. Resident nationals are prohibited from owning foreign bank accounts. The value of freely convertible currency is 80% overstated by their central bank. If I pay them in the local currency, they lose 45% of the value of their labor to a corrupt government.

> they lose 45% of the value of their labor to a corrupt government

That sounds like income taxes. :)

At least you get a receipt when you pay your taxes I guess?

One challenge with inflation is how hard it is to measure and how it impacts different parts of the economy differently. If you’re buying chickens, it might be impacting you 20% or 100%, houses the same range but differently, etc. taxes at least are usually published and more knowable/can be planned around.

I'd say more like a tariff, because you pay a 80% tax when you buy foreign goods (or pay an 80% tax when a foreigner sells good to locals).

Taxes - inflation, potato - potato.