The inflation in America is hitting 5-7% p.a. and seems unstoppable for now. I can get bank loans at 3% in shekel, so we are entering the time of monetary speculation. On a personal level, I am feeling well but afraid of long-term projects, because of the shock of the sudden death of my friend Viky. He had just married. He was not yet eighty! Was he an optimist...!
Pic: The 100,000,000 pengo Hungarian banknote. It was shortly followed by the Communist victory.
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