— Morgan Housel
From “Money: The True Story of a Made-Up Thing: P. 130
— Money – The True Story of a Made-up Thing p. 6
In Argentina, the cost of food is about 50% higher than it was this time last year… In Zimbabwe and Sudan, the prices of everyday goods are doubling (or more) every year… And in Venezuela, according to Johns Hopkins professor Steve Hanke, the annual inflation rate is nearly 65,000%. Rapid inflation – or hyperinflation, in …