Replying to Avatar Blake

At the time I naively expected this global government spending to balance out - if all countries roughly spend the same GDP to pay for these Covid-made decisions.

What I didn’t appreciate then, that I do now, is that while some countries fair better post Covid than others relatively, but in a negligible way (ultimately there were no clear winners,) is just how much they would kick off true runaway inflation.

I find it hard to see how this isn’t a state that persists for the next years, perhaps beyond, and ultimately the final straw for ‘controlling’ fiat.
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Blake 2y ago

The secondary reason is timing. And it aligns how funny things happen when the value of $1/1£/1€ in a currency drops below a certain threshold.

A $1 cheeseburger becomes $2. Then $3.50, followed by $5.50.

Instead of the population doing math in fractions of a whole unit - a dollar/euro/etc, suddenly they are doing math without decimals to interpret somethings cost/cheapness.

It’s a huge shock to the brain when this happens as the difference between $0.25 and $.50, and then $1 and $2 are the same %, yet perceived as different.

The USD, Euro, Pound, AUD, NZD, etc are all recently breakaway from decimals (cents) mattering. Cents have become rounding units and insignificant.

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