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Is It a Myth or an Oversimplification of Things?
Germans have a shared memory of hyper inflation, which continues to inform german perspectives on macro policy till this day. How's that possible? Well, i am getting deeper into the underlying, then underlying neuro science of what kind of events do get deeply engraved in our memory and transmission from generation to generation can happen. Stories, vivid stories matter. High lighting the inflation will have a big impact on how much this will be engraved in our memory. And it turns out yes, that a personal inflation experiences are really powerful. Your lifetime average inflation is really powerful in predicting what a you think future inflation will be.