In instances such as Zimbabwe or Argentina, where hyperinflation spirals out of control, how do people feed themselves and pay for the bare necessities? Does the government step in and provide the support needed to prevent mass starvation?
In: Economics
The “informal” economy picks up, if you’re lucky. They keep working in jobs where the pay has become worthless, because when money is trash, social status is everything. People do favors for one another. “You can sleep at my place.” “I have some spare bread, take it.” “I’ll help take care of your kids while you’re away working on the farm.”
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