Sunday, May 19, 2013

Inflation

I will never get used to it.  Sure, I was amazed by how much food prices went up during the first 3 years of the Obama presidency while I was away, but nothing like Argentina.  Everything is double or triple (or more) the price when I first got here. 

A friend the other day said, "if you act like the long-term value of the peso is zero, then you will probably have done well." 

I could not disagree.

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