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Tag Archives: politricks

Anyone who lived through the 80s in Brazil has a bitter memory of hyperinflation, when prices changed every week.

The amount of money back then was a kind of fiction, a convention. At first glance, you’d think we had lots of money, because the amounts were measured by such huge numbers. 10’000 was change. Everyone was a millionaire then, because a million was the price of a meal. The number was meaningless, as it would change soon. 2 did not really mean 1 + 1, it was just a name.

That made me think about how should we measure the size of a bribe. Read More »