The Money Mustache Community
Mustachian Community => Mustachian Book Club => Topic started by: maizefolk on November 10, 2018, 09:09:12 PM
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Does anyone have any books they would recommend about what life was like in places like Argentina, Zimbabwe, Venezuela, Brazil, Nicaragua, Yugoslavia, or any other country which experienced hyperinflation since 1980?
If you have really good books to recommend about living through earlier bouts of hyperinflation (like in the German Weimar Republic before world war 2 or in Hungary right after world war 2), I'd also be interested, but it seems like those are at least a little easier to find.
This request was prompted by an story in the new york times today about Venezuela's situation. Apparently they've essentially had to become a cashless society (everything on credit/debit cards) because prices are increasing so fast and the government cannot or will not print higher and higher denomination bills fast enough to make cash transactions practical anymore.
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not a book, but Planet Money did an interesting podcast about Brazil's economic turnaround. They describe life in Brazil with the hyperinflation. I think this is the link.
https://www.npr.org/sections/money/2010/10/01/130267274/the-friday-podcast-how-four-drinking-buddies-saved-brazil
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John T. Reed has a book on hyperinflation. He started out as a solid libertarian but has become progressively more of a wingnut over the last ten years. The hyperinflation book does have some intelligent analysis and observation of how to survive, but it does bump up against doomsday prepper territory.