Re:In Argentina, inflation is a way of life
by kragen on Thursday January 27, 2022 @07:41PM
(#30109239)
When you need some pesos to go to the dermatologist, pay someone to fix the air conditioner, or take an Uber across town, tuna is harder to resell than dollars. But the optimal level of tuna in your portfolio is nonzero, in part because sometimes the supermarket runs out, or goes on vacation, or gets shut down by the police for a week, or closes because of the rioting, and having some food in the house is a good idea.
Re:In Argentina, inflation is a way of life
by lottin on Thursday January 27, 2022 @05:33PM
(#30107911)
Currencies don't have inflation rates. Countries do.
Re:In Argentina, inflation is a way of life
by legutierr on Thursday January 27, 2022 @05:40PM
(#30108008)
Do two countries that share the same currency have different inflation rates? Are El Salvador and Ecuador experiencing different inflation rates than the United States?
Re:In Argentina, inflation is a way of life
by lottin on Thursday January 27, 2022 @05:55PM
(#30108210)
Inflation rates even vary among different regions within the same country.
Re:In Argentina, inflation is a way of life
by noselasd on Thursday January 27, 2022 @05:51PM
(#30108163)
Yes they have different inflation rates.
Re:In Argentina, inflation is a way of life
by louloulou on Thursday January 27, 2022 @06:13PM
(#30108410)
nice graphs for eurozone countries https://www.euro-area-statistics.org/inflation-rates?cr=eur&...
Can you expound on why this would be "stupid"?
Holding dollars to exchange for later incurs a 7% (current dollar purchasing power loss rate) loss on top of exchange fees. The can of tuna retains its food value exactly as-is for years, with no currency exchange costs. Seems to me that the tuna beats holding dollars handily.