when i was in argentina 2011

you got 4 ars for one usd

a year later they paid you 5 ars for one usd

i thought wow, how cheap everything has become.

today you get 200 ars for one usd

but nothing is cheap in argentina.

compared to other countries in south america.

people got poorer an poorer.

the difference is inflation. the prices increased faster than anyone could believe:

hyperinflation

capital controls

artificial exchange rates

confiscations of bank accounts

it happens without any announcement

it will happen everywhere