Chile had this problem too. Sometime in the 1980's.
>
>Which South American Nation had inflation so bad that when people got paid they
>immediately bought electronics and appliances with their paychecks, because the
>value of those goods were rising faster than their inflation?
>
>I want to say it was Colombia...
>
>73,
>Tom
>Amateur Radio Operator N5GE
>
>
>On Mon, 13 Jun 2011 23:35:24 -0400, Don Wilhelm <
[hidden email]> wrote:
>
>> Yes, inflation was rampant in the 1970's. I was fortunate:
>>A house that I purchased for $26K in 1969 sold in 1975 for $40k, and the
>>house that I bought in 1975 for $42k sold 5 years later for $83k. That
>>"profit" enabled me to have a house built in NC with little increase in
>>my mortgage payments - and the same inflation continued through 1993
>>when that same house sold for $135k. It was a great "boom" for housing
>>prices, and well before the advent of "creative" mortgage derivatives.
>>
>>During that same period, the price of gasoline went from $0.35 per
>>gallon to well over $1.50.
>>I don't recall my salary increases during that period, but the general
>>expectations were as Ron has recounted. It was a time of economic
>>turbulence, but unlike the economic downturn we have had recently where
>>many jobs have been slashed -- most people kept their jobs during that
>>1970/80s turmoil.
>>
>>73,
>>Don W3FPR
>>
>>On 6/13/2011 11:06 PM, Ron D'Eau Claire wrote:
>>> On reflection, I mis-spoke. Inflation in the USA topped 15% during the 70's,
>>> hitting nearly 20% some years.
>>>
>>> Ron AC7AC
>>>
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