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James Surowiecki

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The value of a currency is, ultimately, what someone will give you for it – whether in food, fuel, assets, or labor. And that’s always and everywhere a subjective decision.

James Surowiecki

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James Surowiecki

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Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they’re likely to increase prices, since they’ve learned that if they don’t, and inflation hits, their businesses will be wrecked.

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You can’t be rich unless everyone else agrees that you’re rich.

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May 2, 2024

You can’t be rich unless everyone else agrees that you’re rich.

Previous

May 2, 2024

Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they’re likely to increase prices, since they’ve learned that if they don’t, and inflation hits, their businesses will be wrecked.

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