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ajose_mr

1 karma · joined October 8, 2024

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ajose_mr··on Rabbit hole: stumbling across two Portuguese punched cards
There was: https://www.inflationtool.com/rates/portugal/historical?utm_...

I have heard a few stories about those times in the 70s and 80s where people were selling their properties and putting the money in the bank which was paying 20% interest.

A bitter lesson on the difference between the nominal Vs real value of money rapidly ensued.