Re:The Portuguese can no longer afford to live in Portugal
by roenxi on Friday September 02, 2022 @05:41AM
(#32688713)
> As a member of the Eurozone, Estonia can't print money. That didn't stop it from inflation hitting 23%.
Actually, according to Wikipedia, Estonia joined the Euro in 2010. There have been a lot of Euros created in the last few years (looking at the M2, we're roughly at the point where most Euro appeared after Estonia joined in to the project).
Re:The Portuguese can no longer afford to live in Portugal
by WalterBright on Friday September 02, 2022 @04:04PM
(#32695169)
There's something else going on in Estonia, or arbitrage would be happening (importing cheaper stuff from the eurozone).
> I haven’t run the numbers but if you were to chart inflation vs the money printing done by an economy, you’d likely find a positive correlation.
As a member of the Eurozone, Estonia can't print money. That didn't stop it from inflation hitting 23%.
It's almost as if inflation is influenced by local factors...