Where can a domestic worker earn $2.9 million a month?
You would have thought that the grotesque human invention called hyperinflation was a relic of the past.
You'd be wrong.
April 04, 2006
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The joys of fiat currency. Good thing we don't have that here.
Oh, wait...
Posted by: Chris Lawrence | April 04, 2006 at 09:59 PM
Scary!
Posted by: Christopher Meisenzahl | April 05, 2006 at 07:17 AM
"invention"? It's surely a result of human action, not human design?
Posted by: dearieme | April 05, 2006 at 06:15 PM
"invention"? It's surely a result of human action, not human design?
Posted by: dearieme | April 05, 2006 at 06:16 PM
Hmmmm. Does this mean that raising the minimum wage in the US to, say, $500/hr wouldn't really cure poverty? I mean, raising maids' wages from $80K to $2.9M per month helped them, didn't it? Didn't it? They're now all millionaires. (What do you mean that hyperinflation means never being able to plan for the future and that's bad? Why should I care?)
Posted by: JorgXMckie | April 05, 2006 at 11:25 PM