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$200,000 ain't worth what it used to be

Discussion in 'Anything goes' started by The Big Ragu, Jul 31, 2007.

  1. The Big Ragu

    The Big Ragu Moderator Staff Member


    I don't mean to make light of food shortages and runaway inflation that bad. But wow.
  2. Football_Bat

    Football_Bat Well-Known Member

    My Econ 101 professor told the story of when he was in Argentina on vacation, and the minute he paid his cab driver, the driver got out of his cab and ran across the sreet to a store to buy a can of beans. Because the can of beans held more value than the currency.
  3. expendable

    expendable Well-Known Member

    Gheesh, and that's against what is our weak dollar.
  4. Birdscribe

    Birdscribe Active Member

    Welcome to Weimar Germany, circa 1923.

    I've got a half-billion mark note from that time frame that couldn't have bought the aforementioned can of beans.

    That hyperinflation was one of the springboards that lifted Hitler into power. Of course Zimbabwe already has its megalomaniac dictator in place. So let's see what economic atrocities the government trots out to match it's other atrocities.
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