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S E28: Inflation - When money loses its value
Think Like An Economist
Inflation in Venezuela
A lot of people in venezuela end up converting their money to us. Dollars, as the dollar is more stable and isn't going to lose its value so quickly. louis: In a high inflation environment, money really stops functioning as a store of value. There's no point putting money away for a rainy day if it won't buy you as much when that rainy day comes. You shouldn't really put bolevards away any more.
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