Submitted by adebar t3_zhqabn in dataisbeautiful
Aggressive_Bed_9774 t1_izr0qam wrote
Reply to comment by hangrywich in [OC] Inflation heatmap for 44 European, other DM and EM countries by adebar
Switzerland:-be a tax haven for the scum of the world ,which ensures large money(dollars/gold) inflows, which ensures the local currency appreciates in value, that lowers inflation.
Saudi Arabia:-be part of a oil cartel to profiteer from low global oil supply compared to global demand, which ensures large money(dollars) inflows, which ensures the local currency appreciates in value, that lowers inflation ,
and also buy discount Russian oil for domestic consumption and sell your own oil at market prices to others.
China:-lockdown entire cites when a single covid case is found and welding people's doors closed, and significantly eliminate the demand side factors that cause inflation but destroy your GDP growth rate in the process too
and also buy cheap Russian gas and oil.
i don't think there's much that can be learnt from these 3 nations without a lot side effects.
hangrywich t1_izs5ixm wrote
I was thinking something along the lines of “be willing to do business with devil and your currency will be fine”
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