people's memories seem to be very short! hyperinflation rocked Argentina in 1989, massive looting and resource companies collapsed. remind me again why hyperinflation is different this time:
https://fredericksburg.com/news/10-stories-of-hyperinflation-in-history/collection_41928fba-f9f3-5186-882a-3d98542a9b1c.html#81989: Argentina
Like many countries on this list, Argentina’s hyperinflation came as a result of war debts. After the country suffered a loss in the Falklands War in 1982, by 1989, only 30,000 people out of 30 million were paying income taxes, according to Reuters.
Monthly inflation rates reached 197% by July 1989, according to the CATO Institute. This resulted in riots and looting for resources until Carlos Menem took over the country.
people's memories seem to be very short! hyperinflation rocked...
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