21 sats \ 0 replies \ @didiplaywell 4 Sep \ on: On first getting the notion of inflation econ
I had a similar experience in Argentina. When I was little I loved to buy the newspaper all saturdays. First it was 0.25 ... then 0.50 ... then 0.75 ... and so on all the way up to 350 today. That's an increment of more than x1000 in a span on 20 years. The only way for that to happen is for prices going parabolic at some point, and that's what we saw: first we where able to start feeling the speed at which prices were increasing, and then, we got to feel the speed at which that speed was increasing.