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147 sats \ 2 replies \ @didiplaywell OP 22 Jul \ parent \ on: How People Experiences The Path Towards Hyperinflation econ
  1. I'm glad you liked it :)
  2. I see the same, but those are the return points still. God forbid it escalates any further.
  3. Price tags become meaningless and people become used to distrust whatever price tag (if present) and ask. Most serious markets removed all price tags and put signs instructing people to "ask to the cashier" for each product. Indeed, an early sign of recovery last year was the return of price tags.
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62 sats \ 1 reply \ @Bell_curve 24 Jul
Everything becomes a Mexican or Central American swap meet free for all like parts of Los Angeles
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153 sats \ 0 replies \ @didiplaywell OP 24 Jul
Exactly like that, barter economy became essential. Some barter groups even developed their own internal currency, famously "The Barter Club" in Buenos Aires. It was simply a black and white printed paper, and still stronger than the official currency since it use in closed trusted circles prevented forgery for a long time. When the club expanded, the ability to control emission diminished, and some bad actors started to introduce fake currency. Guess what the result of introduction of unsupported money caused! Inflation. The Buenos Aires "Barter Club" should be a case study.
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