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Suffering the Profanity of Plentiful Cheap Money
What if the savings in your bank account lost 55 percent of its value over the last 12 months? Would you be somewhat peeved? Would you transfer some of your savings to another currency? Continue reading
Posted in Inflation, MN Gordon
Tagged argentina, currency, debasement, default, jonathan swift, mauricio macri
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Refuse the Filthy Trash
What if the savings in your bank account lost 83 percent of its value over just 18 months? We suppose you’d be a little disgruntled. Unfortunately, that’s what has happened in Venezuela… “Since February 2013,” reports El Universal, “the administration … Continue reading