[Elecraft] Price Comparisons

[n5ge at n5ge.com]

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 <w3fpr at embarqmail.com> 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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