Now that we are seeing inflation and serial bank failures in the U.S. with few prospects of any improvement so long as Joe Biden is in the saddle, perhaps a look at what that’s like when the experience is extended is worth the trouble.
Emily Stewart, at Vox of all places, has written a brilliant, yes, brilliant, piece describing in minute detail just what the hell that kind of living is like. What is it like for a modern economy and a first world lifestyle to go the way of, well, Argentina? She describes it from a recent trip very, very well.
It all kind of looks the same as here. It’s first world. People have kitchens and electricity and flush toilets. They wear shoes, go to school, and speak English. But it’s not the same, and the changes creep up in the manner of the boiled frog — until they become complete lunacy around the issue of money.
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