Wednesday, August 22, 2018

Wheelbarrow Effect

Well we barely make the airport
For the last plane out
As we taxied down the runway
I could hear the people shout
--Don Henley

Venezuela is currently experiencing the wheelbarrow effect. This is when hyperinflation hits the point where it no longer makes sense to count currency, in this case the bolivar, being used in transactions. That would take too long. Instead, it is easier to just weigh it--often by the wheelbarrow full.


That could never happen here, right? Only in third world countries and banana republics.

Sure. Just ask the Germans about Weimar.

1 comment:

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