Re:Estonia clocks fastest inflation in the Eurozone at 20.1 ...
by smnrchrds on Wednesday June 08, 2022 @01:58PM
(#31671467)
If everyone sells their currency to but dollars, the currency loses even more value faster compared to dollars, so currency controls are put in place, like Argentina did for a while:
https://en.wikipedia.org/wiki/Argentine_currency_controls_(2...
Re:Estonia clocks fastest inflation in the Eurozone at 20.1 ...
by GFischer on Thursday June 09, 2022 @05:18PM
(#31687027)
What do you mean "for a while", Argentina has currency controls TODAY.
https://www.bloomberg.com/news/articles/2021-11-25/argentina...
Cannot one convert their money to dollars or gold and start getting profit from inflation?
UPD: I forgot that in such cases governments usually impose large tax on currency conversion. Obviously you can't outsmart the government.