I suspect that credit cards will be used more and more if the US heads into hyperinflation. Counting lots of paper money looks too painful. If there was very much of this I think a supermarket would put a bill counter on one "cash line" and make anyone using lots of paper money go into that slow line.
Monday, January 14, 2013
Modern video of Hyperinflation
In 2011 Belarus got hyperinflation. In this
video someone uses a bag of cash to buy some beer. This youtube video
of piles of cash from just over a year ago makes hyperinflation more
real than a black and white picture of a wheelbarrow full of cash from
90 years ago.
I suspect that credit cards will be used more and more if the US heads into hyperinflation. Counting lots of paper money looks too painful. If there was very much of this I think a supermarket would put a bill counter on one "cash line" and make anyone using lots of paper money go into that slow line.
I suspect that credit cards will be used more and more if the US heads into hyperinflation. Counting lots of paper money looks too painful. If there was very much of this I think a supermarket would put a bill counter on one "cash line" and make anyone using lots of paper money go into that slow line.
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