10% annually is where the UK is at, currently. If 10% is enough to induce hardship, I don't know how they deal with 100% inflation. I think 10% will be the norm in ten years.
I used to be a big fan of Victor Davis Hanson, but one of the reasons I quit following him is because he has some of the worst political instincts of anyone out there. He spent a good chunk of 2022 repeating his line that a "Red Wave" was coming in the mid-terms because of "hyperinflation" and because people were angry they couldn't afford steak. Inflation's bad, but it's nowhere near bad enough for people to be in a revolutionary mindset, not to mention people approach politics very differently from the heyday of the Boomer Generation.
I recall reading an article a while ago listing Buenos Aires as a prime destination for remote workers. My memory maybe flawed, but it wouldn't surprise me, either. BA is still quite the cosmopolitan megacity and inflation does make life cheap if you're paid in U.S. dollars. That said, safety is a major issue, but a lot of that seems to be coming up north these days, too. At least we could afford BA!
Good to hear from you, Reckoning! Seems like it's been a while.
Thanks for your sharing your experiences and thoughts. Interesting how even inflation didn't prevent Argentina from having large amounts of goods available. If you're someone who earns U.S. dollars and was able to live in Buenos Aires, you could live like a king or queen.
10% annually is where the UK is at, currently. If 10% is enough to induce hardship, I don't know how they deal with 100% inflation. I think 10% will be the norm in ten years.
I used to be a big fan of Victor Davis Hanson, but one of the reasons I quit following him is because he has some of the worst political instincts of anyone out there. He spent a good chunk of 2022 repeating his line that a "Red Wave" was coming in the mid-terms because of "hyperinflation" and because people were angry they couldn't afford steak. Inflation's bad, but it's nowhere near bad enough for people to be in a revolutionary mindset, not to mention people approach politics very differently from the heyday of the Boomer Generation.
I recall reading an article a while ago listing Buenos Aires as a prime destination for remote workers. My memory maybe flawed, but it wouldn't surprise me, either. BA is still quite the cosmopolitan megacity and inflation does make life cheap if you're paid in U.S. dollars. That said, safety is a major issue, but a lot of that seems to be coming up north these days, too. At least we could afford BA!
Good to hear from you, Reckoning! Seems like it's been a while.
Thanks for your sharing your experiences and thoughts. Interesting how even inflation didn't prevent Argentina from having large amounts of goods available. If you're someone who earns U.S. dollars and was able to live in Buenos Aires, you could live like a king or queen.