Chile had this problem too. Sometime in the 1980's. matt W6NIA
On Mon, 13 Jun 2011 23:37:43 -0500, you wrote: > >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 <[email protected]> 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 >>> >>______________________________________________________________ >>Elecraft mailing list >>Home: http://mailman.qth.net/mailman/listinfo/elecraft >>Help: http://mailman.qth.net/mmfaq.htm >>Post: mailto:[email protected] >> >>This list hosted by: http://www.qsl.net >>Please help support this email list: http://www.qsl.net/donate.html > >______________________________________________________________ >Elecraft mailing list >Home: http://mailman.qth.net/mailman/listinfo/elecraft >Help: http://mailman.qth.net/mmfaq.htm >Post: mailto:[email protected] > >This list hosted by: http://www.qsl.net >Please help support this email list: http://www.qsl.net/donate.html ______________________________________________________________ Elecraft mailing list Home: http://mailman.qth.net/mailman/listinfo/elecraft Help: http://mailman.qth.net/mmfaq.htm Post: mailto:[email protected] This list hosted by: http://www.qsl.net Please help support this email list: http://www.qsl.net/donate.html
