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> _immediately move money to a bank account or you are dead_ So the "bank account" you are refering to is (or is a practically automatic gateway too) one of th
by toadworrier 8y ago
> _immediately move money to a bank account or you are dead_
So the "bank account" you are refering to is (or is a practically automatic gateway too) one of those "more stable financial assets" you mention above.
The fact that the banks can be trusted to do that is a sign of some kind of orderliness. I wonder if such an option exists in Venezuela right now.
- zorked 8y agoOh, for sure. Inflation was the result of the government failing to manage its debt. Institutions, businesses and the law still existed. Even the mechanisms for coping with hyperinflation were market innovations (like incredibly fast banking in a gigantic third world country in the 80s, or the financial instruments backing savings accounts). I'm not sure that Venezuela has any of that at the moment.