Quote from: Hispo on Today at 02:07:52 AM

Quote from: LoyceMobile on January 19, 2023, 08:40:34 PM

Quote from: MiliMil on January 19, 2023, 04:28:14 PM

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

You have no idea how lucky you are Wink

Here electricity prices went up about 2000%, although it dropped like three quarters again. It's still very high.

Here in Venezuela gasoline is about 0,5$/liter and the electricity bill is less than 10$ a month, it just reached 10$ because the government started to charge other services together in that bill.
That is one of the reasons people used to mine Bitcoin here, before the government got aggressive against the miners.

One can buy a house here for 20k-30k$, one time payment, no mortgage, no credit, no question asked. Solid concrete, no drywall.

This a country that runs on debit. We don't have credit anymore, because the banks lost money by providing credit.

I've been wondering for a while how it would be to have an economy without debt. Here, everyone including governments has debts. Without debt, I can imagine many prices would be less inflated, simply because people can pay less.
Of course, Venezuela has its own problems and isn't the best example to compare to, but still, I wonder how value would be without debt. But owing anyone anything sounds like a dream.