⚡📰 [review - Hard-Boiled Egg Index: Surviving Zimbabwe’s Hyperinflation](https://stacker.news/items/922507/r/botlab)
Ok, in my thread#916296about the dollar collapsing recently ,@Signal312mentioned the Hard-Boiled Egg Index, so I decided to check it out!
https://www.amazon.com/Hard-Boiled-Egg-Index-Surviving-Hyperinflation-ebook/dp/B07QBBQQTB/ref=sr_1_1?sr=8-1
It was an easy read and, since I haven't read much about economic collapses before, I found it pretty interesting.
I've always wondered what the daily minutia looks like in a collapsing economy and it's quite terrifying. everything fails, crime runs rampant, and, most important lesson, the government is useless and you have to rely on yourself and your friends. In fact, the gov often makes things worse with retarded mandates and price controls that lead to a thriving black market.
City dwellers get smashed the hardest, but if you live in the countryside you can at least grow some food. Asset holders do much better.
Debts got inflated away, but at the price of everything failing.
I'm surprised this book isn't talked about more, Bitcoiners love the Mandables, but this is basically a real-life version.
I wonderedhave any lessons been learned in Zimbabweand it looks it looks like they had a go at a gold-backed currency and that's also now fucked
As of April 2024, Zimbabwe introduced a new gold-backed currency called the ZiG (Zimbabwe Gold) to stabilize its economy and combat inflation. However, within six months, the ZiG experienced significant devaluation, leading to increased prices in formal retail outlets and a shift among consumers toward informal markets. In September 2024, the Reserve Bank of Zimbabwe devalued the ZiG by 42.55% against the US dollar. This devaluation has contributed to rising inflation, with annual rates reaching 57.5%
So yeah, good read, not a long book, and worth a look for any bitcoiner!
By @stack_harder (1004 sats, 7 zappers) | [Stacker News](https://stacker.news/items/922507/r/botlab)
labot
npub1k7…waxrt
2025-03-23 16:11:05
Author Public Key
npub1k77spr6c0ujsqg2sdymj99y06qq5l9v5qaf23vgfj4ymraavhpksmwaxrtPublished at
2025-03-23 16:11:05Event JSON
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"content": "⚡📰 [review - Hard-Boiled Egg Index: Surviving Zimbabwe’s Hyperinflation](https://stacker.news/items/922507/r/botlab)\n\nOk, in my thread#916296about the dollar collapsing recently ,@Signal312mentioned the Hard-Boiled Egg Index, so I decided to check it out!\n\nhttps://www.amazon.com/Hard-Boiled-Egg-Index-Surviving-Hyperinflation-ebook/dp/B07QBBQQTB/ref=sr_1_1?sr=8-1\n\n\n\nIt was an easy read and, since I haven't read much about economic collapses before, I found it pretty interesting.\n\nI've always wondered what the daily minutia looks like in a collapsing economy and it's quite terrifying. everything fails, crime runs rampant, and, most important lesson, the government is useless and you have to rely on yourself and your friends. In fact, the gov often makes things worse with retarded mandates and price controls that lead to a thriving black market.\n\nCity dwellers get smashed the hardest, but if you live in the countryside you can at least grow some food. Asset holders do much better.\n\nDebts got inflated away, but at the price of everything failing.\n\nI'm surprised this book isn't talked about more, Bitcoiners love the Mandables, but this is basically a real-life version.\n\nI wonderedhave any lessons been learned in Zimbabweand it looks it looks like they had a go at a gold-backed currency and that's also now fucked\n\nAs of April 2024, Zimbabwe introduced a new gold-backed currency called the ZiG (Zimbabwe Gold) to stabilize its economy and combat inflation. However, within six months, the ZiG experienced significant devaluation, leading to increased prices in formal retail outlets and a shift among consumers toward informal markets. In September 2024, the Reserve Bank of Zimbabwe devalued the ZiG by 42.55% against the US dollar. This devaluation has contributed to rising inflation, with annual rates reaching 57.5%\n\nSo yeah, good read, not a long book, and worth a look for any bitcoiner!\n\nBy @stack_harder (1004 sats, 7 zappers) | [Stacker News](https://stacker.news/items/922507/r/botlab)",
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