I grew up in an inflation saddled 3rd world. Expect the onset of high risk investments and huge scams all over, social unrest. The govt response which we're already hearing with gas prices: price control, capital control to curb capital flight, then shortages due to impossible to produce at govt prices. Rise of a black market for everyt…
I grew up in an inflation saddled 3rd world. Expect the onset of high risk investments and huge scams all over, social unrest. The govt response which we're already hearing with gas prices: price control, capital control to curb capital flight, then shortages due to impossible to produce at govt prices. Rise of a black market for everything. Unemployment. Basically misery.
The possible good side is things like healthcare will have to reform as people opt for no-frills efficient service, generic drugs, etc. & healthy lifestyle.The big pharma govt bureaucratic behemoths need to go, I say that as one who worked in them.
Due to high food prices, dietary changes to simple unprocessed locally grown food, i.e making do with less can be healthy. In US we currently throw out 40% of all food.
I grew up in an inflation saddled 3rd world. Expect the onset of high risk investments and huge scams all over, social unrest. The govt response which we're already hearing with gas prices: price control, capital control to curb capital flight, then shortages due to impossible to produce at govt prices. Rise of a black market for everything. Unemployment. Basically misery.
The possible good side is things like healthcare will have to reform as people opt for no-frills efficient service, generic drugs, etc. & healthy lifestyle.The big pharma govt bureaucratic behemoths need to go, I say that as one who worked in them.
Due to high food prices, dietary changes to simple unprocessed locally grown food, i.e making do with less can be healthy. In US we currently throw out 40% of all food.