tag:blogger.com,1999:blog-8939666320943790100.post1559151592843400384..comments2024-02-11T01:14:21.904-08:00Comments on SURVIVING IN ARGENTINA: The Argentine Boom…And Why It’s Killing the PesoFerFALhttp://www.blogger.com/profile/07578136334334588454noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8939666320943790100.post-86873229546239902212010-10-16T15:59:36.354-07:002010-10-16T15:59:36.354-07:00per earlier comment:
inflation is not always a mo...per earlier comment:<br /><br />inflation is not always a monetary phenomena.<br /><br />Sometimes it is a demographic one, or it could be a productivity issue.<br /><br />Example, if oil gets to be rare it price will go up (supply and demand), as will items that require oil in their creation/manufacture (food/plastics, etc). The supply of money did not necessarily change.<br /><br />Historically it was also relatively common with the metal currencies that inflation would tend to follow rises in population. More people meant less food per person and a tighter supply. In this case it was demand driven inflation.<br /><br />Of course inflation with a fiat currency is often a monetary issue. But you could have the case of inflation being driven by a reduction in Argentinian productivity due to all the chaos.russell1200https://www.blogger.com/profile/16258915475311426433noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-43610709092864496292010-10-16T09:03:28.275-07:002010-10-16T09:03:28.275-07:00Somewhere I read a good distinction between inflat...Somewhere I read a good distinction between inflation and hyperinflation. Inflation is printing excess fiat currency relative to available assets which drives prices higher and hyperinflation is complete loss of faith in the fiat currency where no one will trade an asset for any amount of fiat currency so it collapses. There is a book in our local library with pictures of all the failed fiat currencies throughout the world. It's unbelievable how thick that book is. Anyone want a $100 trillion Zimbabwe note for that sandwich?ghpacifichttps://www.blogger.com/profile/09829514410903378217noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-54768792157301779722010-10-14T22:17:07.630-07:002010-10-14T22:17:07.630-07:00Inflation is always and everywhere a monetary phen...Inflation is always and everywhere a monetary phenomenon.<br /><br />As a central bank prints more and more currency it eventually finds its way into the economy, debasing the value of the existing fiat currency and prices follow in suit.<br /><br />Long before we had the cutesy term "inflation" there was more realistic terms called, "Monetary debasement" and "Depreciation".<br /><br />On the contrary, when your money gained in value due to productivity and efficiency increases in the economy and business your money actually became worth more. That was called "appreciation". Outside a Howard Katz article, you won't see that too often.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-56799097290669249312010-10-14T20:52:50.170-07:002010-10-14T20:52:50.170-07:00FerFal,
You mention that the price of wine is gr...FerFal, <br /><br />You mention that the price of wine is growing, is that due to taxation or simply inflationary pressure or both?<br /><br />I ask as normally when prices rise to quickly people begin to make their own wine, beer, liquor, what have you.<br /><br />In Eastern Europe the various bootlegged liquors are known as "slivovitz" (not just plum brandy but everything imaginable, peaches, nectarines, tomatoes) in the US the name is moonshine.Conservative in Exilehttps://www.blogger.com/profile/16829230891450391989noreply@blogger.com